VET/USDT Uptrend Within the Ascending Channel? 👀 🚀 💎 VETUSDT has been on a steady climb, securely navigating within an ascending channel, signaling a strong likelihood of continued upward momentum.
💎 Currently, the price is retesting the lower boundary of this channel, presenting a significant chance for a bullish move. A critical point to consider is if the price breaches the lower boundary, a bullish strategy from the demand level may be initiated, with a break below potentially leading to a notable downturn. In this scenario, the interplay of probabilities and mathematics becomes crucial, offering a clear view of the risk-reward landscape for investors.
💎 As long as VETUSDT sustains its position above the demand zone, our MCP team foresees a potential rebound in its value. A definitive bullish signal would be the breach of the recent high at $.2168, marking a strategic entry point for market participants. Following such a breakout, we expect the price to approach one of our identified resistance levels, as outlined in our chart analysis. Notably, the second resistance level coincides with the upper limit of the extended ascending channel, potentially acting as a target for profit realization in the event of a sustained uptrend.
💎Paradisers, we remain vigilant for the establishment of a new higher high, a development that would likely usher in the next phase of the uptrend
