$VANA VANA/USDT has formed a clear triple top pattern - a bearish reversal pattern. The neckline of the pattern (main support) is at the price area of approximately 16,380 USDT, and the current price is testing this area.
Details:
• Three tops: Sequentially at high price levels of about 24,780 USDT, 24,000 USDT, and 23,800 USDT. Each subsequent top is lower, indicating weakening buying pressure.
• Key support: 16,380 USDT. If this area is broken, the price may continue to decline sharply.
• Major resistance: 18,340 USDT. This is the level that needs to be surpassed to break the downtrend.
Expected scenarios:
1. Downtrend: If the price breaks through the 16,380 USDT area with high volume, the next target could be a deeper support level at 12,020 USDT.
2. Recovery: If the 16,380 USDT support area holds, the price may bounce back to 18,000 USDT, but the trend remains down unless it surpasses the 24,000 USDT area.
Strategy:
• Short sell: When the price breaks and closes below 16,380 USDT.
• Observe: If the price holds the support, wait for a confirmation signal before opening a short-term buy position.
Note: Monitor trading volume and candles at the support area to avoid false signals. #vana
