$VET /USDT 1-hour chart, here’s a quick technical breakdown of what’s happening and what that red-circled zone might indicate:
Chart Insights:
Price: $0.02073, up +6.8% in the past 24h — a strong bullish impulse.
MA Cross Analysis:$VET
MA(7) (yellow) is crossing above MA(25) (pink), a short-term bullish signal.
MA(99) (purple) is slightly above current price and acting as resistance (~$0.02094).
The candle you highlighted is testing that resistance level, possibly rejecting or prepping for a breakout.
Volume: Volume increased during the move up, confirming buying pressure — but it has slightly decreased recently, which could signal weakening momentum or a breather.
What the Red-Circled Area Tells Us:
That area shows a bullish consolidation under resistance:
Higher lows forming = pressure building.
Resistance at MA(99) could break with a strong candle close above $0.02094.
If it breaks and holds above that level, we could see a move toward $0.0217+.
What to Watch For:$VET
Bullish confirmation: 1H candle closing above $0.02094 (MA99) with decent volume.
Bearish rejection: Long upper wick or red candle + falling volume may mean short-term pullback to MA(25) ~ $0.02028.
TL;DR Trade Setup:
Aggressive entry: If it breaks and closes above $0.02094 with volume.
Safer entry: Wait for confirmation and retest of breakout zone.
Invalidation: Drop below MA(25) could invalidate short-term bullish setup.
Want $a scalping setup or a swing idea on this one? #VoteToDelistOnBinance #TrumpTariffs #DiversifyYourAssets #VETUSDT #DiversifyYourAssets #VETUpdate
