$VET
VET (VeChain) looks well-structured from a short-term technical analysis standpoint.
Support Bounce: Strong rebound from $0.02225 suggests active buying interest at that level—bullish sign.
Momentum Zone: Price is pushing above $0.024, indicating a possible reclaim of short-term bullish momentum.
Volume Watch: Volume confirmation is key; increasing volume on green candles can signal a sustained move.
Entry Zone: $0.0242 – $0.0245
Take Profit Targets:
TP1: $0.0252 (approx. +3%)
TP2: $0.0260 (approx. +6%)
Stop Loss: $0.0232 (risk of ~4.5% from mid-entry)
This offers a solid risk-to-reward ratio (1:1.5 to 1:2), especially for a swing or short-term breakout trade.
SL Placement: SL at $0.0232 is just under recent support; it protects against a false breakout while giving the trade room to breathe.
Volume Confirmation Needed: Without a volume surge on the break of $0.0245, the move could fade.
Macro Sentiment: Crypto-wide sentiment and BTC's behavior may impact follow-through on the breakout.
trade here $VET