๐ VeChain (VET/USDT) โ Market Analysis Update
Timeframe: Daily
Current Price Zone: 3.1ยข to 3.8ยข
VeChain continues to develop within its anticipated corrective structure following a potential 5-wave decline. Two scenarios are in play:
๐ต Blue (Bearish) Scenario โ ABC Correction for Wave 2:
Resistance Zone: 3.1ยข to 5.8ยข (current wave 2 zone)
VET may extend to 3.8ยข in wave C of A.
Further targets: 4.55ยข to 5.8ยข
Failure to sustain above this zone would hint at the start of wave 3 to the downside.
๐ก Yellow (Bullish) Scenario โ Leading Diagonal:
VET is potentially in wave 3 of 1 of C.
A 5-wave structure is being tracked.
If valid, VET can stretch toward the 7.5ยข to 10.6ยข zone.
Break of the 2.58ยข support invalidates this view.
๐ Key Support Levels:
Micro Support: 2.58ยข โ 2.86ยข (must hold for bullish continuation)
Early Bearish Signal: Break below 3.0ยข
Full Bearish Confirmation: Drop below 2.58ยข
๐ Trading Plan:
Long Entry Zone: On confirmation of wave 4 holding (2.6ยขโ2.86ยข)
Targets: 4.55ยข โ 5.8ยข โ 7.5ยข (depending on wave count confirmation)
Stop Loss: Below 2.58ยข (wave structure invalidation)
Risk Management: Use 3โ5% of your portfolio with tight stops
๐ Stay cautious: The market is still within a correction and may produce sharp reversals.
