📈 $VET - Technical Analysis (Daily Chart – VET/USDT)
Momentum is surging. This is a strong setup !!! don’t miss the breakout wave!!!
VeChain (VET) is showing a powerful bullish reversal. After bottoming near $0.01771, it has rallied over 50%, breaking above both the 7-day and 25-day moving averages, currently at $0.02460 and $0.02270 respectively. The increasing volume confirms buying pressure, while the consistent green candles signal strong momentum. Resistance lies near the recent high of $0.02760, and a clean break above could ignite a larger rally toward the 99-day MA at $0.03059.
🎯 Objective
Short-term goal: Break above $0.02760 resistance
Mid-term target: Challenge the MA(99) near $0.030–0.031
Support zone: $0.02500–$0.02400 (entry on dip)
🧠 Trading Strategy
Entry Zone: $0.02500–$0.02550 (buy-the-dip setup)
Stop Loss: $0.02300 (below support & MA)
Take Profit 1: $0.02850
Take Profit 2: $0.03050
A solid candidate for swing trading as bullish crossover and accumulation volume support a continued trend upward.
