#VICUSDT shows signs of reversal and strength๐ LONG BYBIT:VICUSDT.P from $0.2507
๐ก Stop loss $0.2470
๐ 1H Timeframe
๐ Important Note:
Wait for confirmation around the $0.2507 level. Enter the trade only if price holds above with volume.
โ
Overview BYBIT:VICUSDT.P :
โก๏ธ The chart shows a completed Falling Wedge โ a bullish reversal pattern that typically leads to an upside breakout.
โก๏ธ After that, a Bearish Pennant formed but failed to push the price significantly lower, indicating weakness in sellers.
โก๏ธ Currently, the price is breaking out of the triangle pattern, hinting at a possible bullish continuation.
โก๏ธ Entry level marked at $0.2507, right after the breakout zone, supported by steady volume and short-term uptrend.
โก๏ธ Volume Profile on the left reveals a low-volume zone above, making it easier for price to climb toward TP targets.
๐ฏ TP Targets:
๐ TP 1: $0.2525
๐ TP 2: $0.2545
๐ TP 3: $0.2565
โก Plan:
โก๏ธ Monitor price reaction at TP1 โ partial exit recommended.
โก๏ธ Watch for confirmation above $0.2507.
โก๏ธ Enter LONG after retest and volume confirmation.
โก๏ธ Set stop loss below recent low โ at $0.2470.
๐ BYBIT:VICUSDT.P shows signs of reversal and strength โ holding above the breakout zone could lead to upside movement!