📈 VeChain (VET/USDT) – Market Analysis Update
Timeframe: Daily
Current Price Zone: 3.1¢ to 3.8¢
VeChain continues to develop within its anticipated corrective structure following a potential 5-wave decline. Two scenarios are in play:
🔵 Blue (Bearish) Scenario – ABC Correction for Wave 2:
Resistance Zone: 3.1¢ to 5.8¢ (current wave 2 zone)
VET may extend to 3.8¢ in wave C of A.
Further targets: 4.55¢ to 5.8¢
Failure to sustain above this zone would hint at the start of wave 3 to the downside.
🟡 Yellow (Bullish) Scenario – Leading Diagonal:
VET is potentially in wave 3 of 1 of C.
A 5-wave structure is being tracked.
If valid, VET can stretch toward the 7.5¢ to 10.6¢ zone.
Break of the 2.58¢ support invalidates this view.
📉 Key Support Levels:
Micro Support: 2.58¢ – 2.86¢ (must hold for bullish continuation)
Early Bearish Signal: Break below 3.0¢
Full Bearish Confirmation: Drop below 2.58¢
📌 Trading Plan:
Long Entry Zone: On confirmation of wave 4 holding (2.6¢–2.86¢)
Targets: 4.55¢ → 5.8¢ → 7.5¢ (depending on wave count confirmation)
Stop Loss: Below 2.58¢ (wave structure invalidation)
Risk Management: Use 3–5% of your portfolio with tight stops
🛑 Stay cautious: The market is still within a correction and may produce sharp reversals.