💲 Current Price

VeChain ($VET/USDT) is currently trading around $0.0288, rising ~1% in the past 24 hours and breaking above a key short-term pivot.

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🔍 What’s Happening?

On the 4‑hour chart, VET has formed a double bottom, a classic bullish reversal pattern. 📐

Price is now approaching resistance near $0.030–0.031, and a breakout above this zone could confirm the bullish setup. ⚔️

Oscillators and moving averages are neutral to mildly bullish—perfect conditions for upside potential if momentum picks up. 🎯

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🔍 Trade Setup: Long VET/USDT

Entry:

Aggressive: Buy now around the current $0.0288 as VET tests the double bottom neckline.

Conservative: Wait for a clear breakout above $0.0305 with strong volume to confirm bullish momentum.

Stop Loss:

Place below the recent low around $0.0265–0.0270 to limit risk in case of reversal.

Take Profit Targets:

TP1: $0.0325 — first resistance zone just above neckline.

TP2: $0.0350 — if breakout gains traction.

Extended: $0.038–0.040 — larger move if altcoin momentum kicks in.

Risk–Reward:

Entering near $0.0288 with SL at ~$0.0265 gives ~2.3% risk. First target offers $0.0325), yielding ~5:1 R:R on TP1 alone. 💰

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🧠 Why This Setup Matters

The double bottom reversal is among the most reliable bullish chart patterns.

With price nearing the neckline, a breakout could trigger quick upside into new swing highs.

In a strong altcoin environment, VET could outperform if broader crypto gains pull it upward.

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⚠️ What to Watch

Confirm breakout with volume spike above $0.0305–0.031.

If price dips and breaks below $0.027, the pattern fails, signaling an exit.

Monitor broader market moves—altcoin rotations could either amplify or stall movement.

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To recap:

Strategy Details

Entry $0.0288 aggressive or $0.0305 breakout

Stop Loss ~$0.0265

Take Profit TP1: $0.0325 • TP2: $0.035 • TP3: $0.038–0.040

R:R ~5:1 to TP1

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Set this up, place your stops, and ride the breakout wave if momentum aligns! 🚀👀

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Interested? Drop a like 👍, share your take below 💬, and follow for more trade setups!

$VET

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