$VIDT /USDT – Bullish Surge, But Rejection at the Top!
Current Price: $0.01882 (+32.35%)
24H High: $0.02160
24H Low: $0.01367
Market Overview:
$VIDT experienced a strong rally but now shows signs of exhaustion after hitting a significant rejection zone around $0.021. While volume remains elevated, buyers are struggling to sustain momentum at these levels.
Key Levels:
Resistance: $0.02060 – $0.02160
Immediate Support: $0.01830
Major Support: $0.01650
Trade Idea – Short-Term Retrace Setup:
Entry Zone: $0.01880 – $0.01920 (failed bounce area)
Target 1: $0.01730
Target 2: $0.01650
Stop Loss: $0.02040
Market Insight:
The sharp wicks and heavy selling pressure near the highs suggest distribution. A potential lower high on the 15-minute chart could trigger a pullback before any continuation.
Pro Tip:
Look for bearish confirmation on a retest of the $0.019 zone with declining volume before considering a short. If the bulls reclaim $0.0204 with volume, consider invalidating the short setup.
CTA:
$VIDT bulls have made a strong move, but don’t get swept up in the hype! Focus on key price levels and trade with caution—retracements can often provide the best entry points!