$VIC
BEARISH SIGNAL! š„
Short Setup for VICUSDT:
š Entry Zone: $0.2930 - $0.2950
šµ Stop Loss: $0.3000
Targets:
TP1: $0.2900
TP2: $0.2850
Market Context:
Overall Trend: VICUSDT is in a bearish trend, showing lower highs and lower lows. The price remains below key moving averages, indicating continued downside pressure.
Moving Average Indicators:
MA 7 ($0.2937) and MA 25 ($0.2918) are acting as resistance.
MA 99 ($0.3265) is far above, confirming a strong long-term downtrend.
Resistance Levels:
The $0.2930 - $0.2950 zone is a key resistance area that needs to be broken for any potential upside move.
Trading Volume:
Volume at 22.997K suggests moderate trading activity, but no strong bullish momentum.
Conclusion:
VICUSDT remains bearish as long as it stays below $0.2950. A breakdown below $0.2930 could push the price toward $0.2850 - $0.2800. This setup offers a favorable risk-reward ratio for a short position.
#FollowTheLeadTrader #FlatPPI #USTariffs #MGXBinanceInvestment #CryptoCPIWatch
