Anasta Maverick
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$VIC /USDT BREAKOUT – CAN THE RALLY CONTINUE?
$VIC is currently trading at $0.2808, up 42.47%, after reaching a 24-hour high of $0.3563 and pulling back from resistance. Despite the strong surge, a correction has started, indicating possible profit-taking.
Key Levels to Watch:
Resistance: $0.2970 – A breakout here could push VIC toward $0.3200 and $0.3500.
Support: $0.2730 – Losing this level could lead to further downside, targeting $0.2500 and $0.2280.
Trade Setup – Wait for Confirmation
Long Entry: Above $0.2970, targeting $0.3200 and $0.3500.
Short Entry: Below $0.2730, aiming for $0.2500 and $0.2280.
Stop-Loss: $0.2680 for longs, $0.2900 for shorts.
Market Insights:
High Volatility: VIC has seen rapid price movement, leading to both quick gains and corrections.
Increased Supply Warning: VIC’s total supply has increased from 100M to 210M, which could impact long-term price stability.
Profit-Taking Phase? If VIC fails to reclaim $0.2970, expect more downside as early buyers exit.
Traders should stay cautious and watch price action closely before entering new positions.
$VIC is currently trading at $0.2808, up 42.47%, after reaching a 24-hour high of $0.3563 and pulling back from resistance. Despite the strong surge, a correction has started, indicating possible profit-taking.
Key Levels to Watch:
Resistance: $0.2970 – A breakout here could push VIC toward $0.3200 and $0.3500.
Support: $0.2730 – Losing this level could lead to further downside, targeting $0.2500 and $0.2280.
Trade Setup – Wait for Confirmation
Long Entry: Above $0.2970, targeting $0.3200 and $0.3500.
Short Entry: Below $0.2730, aiming for $0.2500 and $0.2280.
Stop-Loss: $0.2680 for longs, $0.2900 for shorts.
Market Insights:
High Volatility: VIC has seen rapid price movement, leading to both quick gains and corrections.
Increased Supply Warning: VIC’s total supply has increased from 100M to 210M, which could impact long-term price stability.
Profit-Taking Phase? If VIC fails to reclaim $0.2970, expect more downside as early buyers exit.
Traders should stay cautious and watch price action closely before entering new positions.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.