VETPotential Short Alert! 🚨📉

I'm currently eyeing a potential short opportunity on $VET

based on recent price action and market structure on the 15-minute timeframe. At the time of this analysis, $VET is trading around $0.02528, reflecting a modest +1.61% movement.

Key Metrics:

24h High: $0.02547

Volume: 274.84M VET / 6.76M USDT

Current Price: $0.025309

Given the recent short term behavior and price rejection near the highs, I'm considering a short entry if $VET shows consistent weakness below the $0.02520 level.

My Short Setup Plan:

Potential Short Targets:

🎯 $0.02500 (immediate target)

🎯 $0.02480 (next support area)

🎯 $0.02460 (further downside target)

Key Resistance to Watch:

🛡️ $0.02547 This is the 24h high. A break and close above this level could invalidate the short thesis and suggest continued bullish momentum.

Stop Loss Strategy

🛑 I plan to place my stop loss slightly above the 24h high, around $0.02555, to protect the trade in case of unexpected upward movement.

This setup is based on price action and volume dynamics, and I’ll be monitoring closely for confirmation before entering the trade

Trade safe and always manage your risk