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VETBULLUSD trade ideas

VET - Best Potential Long Becomes Best ShortI had hopes for VET to make a final leg up. Before BTC crash it was holding the line very well. And imo it is still one of the strongest alts, but I think all that means now is it is the one holding closest to resistance at 0.13 and that can make it a short with good RR. In a little while VET and all alts should be taking a tumble because BTC has wicked into SOW resistance see my Wyckoff thread for full details and that should be a heavy, effectively near impossible overhead to overcome now. The only way is down I think, and there will be no continued alt season. Opening a short her at 0.13 TP 0.035 SL 0.165. If I see price retreating quick on a crash I may just sell. Btw if it works I will exit my short mid way and re-fire to not incur short retracted loss. Not advice.
BINANCE:VETUSDShort
by dRends35
12
VeChain (VET) - May 21Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (VETUSD 1W chart) (1D chart) We need to see if we can get support at 0.12828604 and get off the downtrend line. If it falls from the 0.12828604 point, a Stop Loss is required to preserve profit and loss. However, it may rise along the uptrend line, so careful trading is necessary. In order to turn to an uptrend, it must rise above 0.17029034 and gain support. ------------------------------------- (VETBTC 1W chart) (1D chart) We need to see if we can get support from the 316 Satoshi-350 Satoshi section and get off the downtrend line. If it falls, it remains to be seen if it can gain support at the 248 Satoshi spot and climb along the uptrend line. If it declines at 248 Satoshi, Stop Loss is needed to preserve profit and loss. However, you need to trade carefully as you can touch and climb the 221 Satoshi point. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
BINANCE:VETUSD
by readCrypto
VETUSD 12HPrice has reached the powerful ascending trend line, which price has made very strong moves off in the past. Price has also retested previous resistance as new support structure, which aligns with the 50 fibonacci retracement of the last major impulsive movement. Price is now showing signs of slowing down at the key support zone, showing signs that buyers may step in to start a new impulsive stage & resume the uptrend for a new potential higher high next towards 0.35000 ...
BINANCE:VETUSD
by Profound_Ambition
3