$VET , According to my own analysis, the chart for VeChain (VET) doesn't look very bullish right now but rather indicates a signal of danger.
Price Action: The curve of the bowl pattern is tilting downwards, which shows that the strength of buyers is waning.
Indicators: RSI is continuously going down, MACD is in a bearish cross ā meaning momentum is in the hands of sellers.
On-chain: Large holders (whales) are selling, and exchange inflow is increasing, which adds to the selling pressure.
Macro Link: If Bitcoin drops even a little more, the drop in VET could accelerate.
š My clear opinion is that this is not the time to buy, but either stay on the sideline or consider going short on a breakdown.
If support breaks, the first target could come down about 10-15%.
Do you want me to pull up the exact chart levels for VET's support and breakdown target?
