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