$VANA Complete Trading Setup 🚨🚨🚨🚨
Key Observations:
1. Current Price: 21.151 USDT, with a daily gain of +10.54%.
2. 24h High/Low: 23.150 (High), 18.320 (Low).
3. Volume: 5.91M (VANA), 121.89M (USDT).
4. Notable Levels:
Resistance: 23.15 USDT (recent high).
Support: 18.32 USDT (24-hour low) and 19.02 USDT (recent swing low on the chart).
Analysis:
Support and Resistance Levels:
Resistance:
23.15 USDT: Price rejected this level, showing significant selling pressure.
25 USDT (psychological resistance): If 23.15 is broken, this could be the next target.
Support:
19.02 USDT: A strong support region where the price consolidated earlier.
18.32 USDT: The 24-hour low, critical to hold for bullish momentum.
Entry Points:
Short Position:
Entry: Near 23.15 USDT if resistance holds.
Target: 20.00 USDT (initial), then 19.02 USDT.
Stop Loss: Above 23.50 USDT to minimize losses if resistance breaks.
Long Position:
Entry: Around 19.02–19.50 USDT if price bounces off support.
Target: 22.00 USDT (initial), then 23.15 USDT.
Stop Loss: Below 18.30 USDT to avoid deep drawdowns.
Target and Stop-Loss Levels:
Short Term:
Target: 22.00–23.00 USDT for longs.
Stop Loss: 18.30 USDT for long positions.
Medium Term:
Upside potential if 23.15 is broken: 25.00 USDT.
Downside risk if 19.00 breaks: 17.50 USDT.
Market Insights:
1. Momentum: Price has shown a sharp increase but is facing resistance, suggesting possible consolidation or a pullback.
2. Trend Indicators:
Bullish Momentum: As long as the price stays above 19.00–19.50 USDT, the uptrend remains intact.
Bearish Divergence Risk: If price keeps rejecting 23.15, a reversal to test lower supports is likely.
3. Volume: A strong volume near the highs suggests active trading interest, but declining volume during pullbacks might indicate weak selling pressure.
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