Vite is best to hold. But playing on futures on as low prices as now may be great idea to. ⚡️

$VITE Breakout Alert!🚨✅️
📊VITE/USDT Analysis🔎

1. Current Market Status

Price: $0.00792 (+7.46%)

24h High: $0.00796

24h Low: $0.00730

Trend: Uptrend (higher highs and higher lows)

2. Moving Averages (MA)

MA(7): 0.00787 (short-term support)

MA(25): 0.00773 (mid-term support)

MA(99): 0.00755 (long-term support)

The price is above all three moving averages, indicating bullish momentum.

3. RSI (Relative Strength Index)

RSI(6): 65.88 (approaching overbought levels)

If RSI crosses 70, a pullback or correction may occur.

4. Support and Resistance Levels

Support: $0.00773 (MA25), $0.00755 (MA99), and $0.00730 (recent low)

Resistance: $0.00796 (recent high), followed by psychological resistance at $0.00800.

Trading Strategy

Entry Point

Ideal Entry: Around $0.00780 - $0.00785, closer to MA(7) for a better risk-reward ratio.

Aggressive Entry: Buy at the current price ($0.00792) with tight risk management.

Stop-Loss (SL)

Conservative SL: $0.00755 (below MA99, safer)

Aggressive SL: $0.00773 (below MA25, tighter stop)

Take Profit (TP) Targets

Target 1 (Short-term): $0.00800 (psychological resistance)

Target 2 (Medium-term): $0.00820 - $0.00830 (expected breakout)

Target 3 (Extended Target): $0.00850 if the trend remains strong.

Conclusion

Bullish Trend: Price above key moving averages.

Entry Around $0.00780 - $0.00785 to buy the dip.

Stop Loss at $0.00755 - $0.00773 to minimize downside risk.

Profit Targets: $0.00800, $0.00820, $0.00850 for scaling out.