๐Ÿ’ฒ 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.

---

๐Ÿ” Whatโ€™s Happening?

On the 4โ€‘hour chart, VET has formed a double bottom, a classic bullish reversal pattern. ๐Ÿ“

Price is now approaching resistance near $0.030โ€“0.031, and a breakout above this zone could confirm the bullish setup. โš”๏ธ

Oscillators and moving averages are neutral to mildly bullishโ€”perfect conditions for upside potential if momentum picks up. ๐ŸŽฏ

---

๐Ÿ” 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 $0.0265โ€“0.0270 to limit risk in case of reversal.

Take Profit Targets:

TP1: $0.0325 โ€” first resistance zone just above neckline.

TP2: $0.0350 โ€” if breakout gains traction.

Extended: $0.038โ€“0.040 โ€” larger move if altcoin momentum kicks in.

Riskโ€“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. ๐Ÿ’ฐ

---

๐Ÿง  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.

---

โš ๏ธ What to Watch

Confirm breakout with volume spike above $0.0305โ€“0.031.

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

Monitor broader market movesโ€”altcoin rotations could either amplify or stall movement.

---

To recap:

Strategy Details

Entry $0.0288 aggressive or $0.0305 breakout

Stop Loss ~$0.0265

Take Profit TP1: $0.0325 โ€ข TP2: $0.035 โ€ข TP3: $0.038โ€“0.040

R:R ~5:1 to TP1

---

Set this up, place your stops, and ride the breakout wave if momentum aligns! ๐Ÿš€๐Ÿ‘€

---

Interested? Drop a like ๐Ÿ‘, share your take below ๐Ÿ’ฌ, and follow for more trade setups!

$VET

#BTCvsETH