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VeChain / TetherUS

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VETUSDT trade ideas

VETUSDT - BULLISH OUTLOOKVETUSDT is exhibiting a bullish divergence on the 4-hour timeframe, suggesting a potential reversal in the prevailing downtrend. Furthermore, the price has successfully breakout of 4h Tf Falling Wedge also its breaked its lower high level and established a higher high, indicating a strengthening bullish momentum. Based on this analysis, a trading strategy can be outlined as follows: Entry: Consider entering a long position at the current market price of $0.03649 Stop Loss (SL): Place a stop loss order at $0.03260 to manage risk and mitigate potential losses Take Profit (TP): Set take-profit levels to achieve a 1:1, 1:2 risk-reward ratio: TP1: Set the first take-profit level at $0.04030 TP2: Aim for the second take-profit level at $0.04420 This trading strategy anticipates a bullish reversal based on the identified bullish divergence and the breakout above the lower high level.
Long
by sunnytrader07
VET price update. After a successful breakout vet is still holding the green-marked zone as strong support at 0.03424 to 0.04008 for the last 9 weeks, which is a positive sign, and if it holds this support we could see a massive bullish move. As you can see in the picture it is also making a channel and While retesting the green zone it is also trading in a channel you can see it in a smaller time frame. We could take entry after it breaks out from the upper trend line of the channel. Remember stop-loss is your friend while trading always use it while trading@everyone
Long
by TheCryptoCity