That was a clear Breakout. what is going on now is a retest.
There was nothing like a rejection
C Queen
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Bullish
$VET /USDT ā REJECTION AT $0.02840, SHORT-TERM PULLBACK ACTIVE
$VET attempted a breakout but faced resistance at $0.02840, now retracing slightly to $0.02785 (+1.53%). The 1H chart shows strong recovery from $0.02569, but current candles reflect slowing momentum and minor selling pressure.
Key Technical Levels:
Resistance: $0.02840
Support: $0.02734 / $0.02615
24H Range: $0.02636 ā $0.02840
Volume: 435.82M $VET confirms active trading
Market Insight: Despite a strong rally, the current rejection candle signals hesitation. If $0.0273 holds, bulls may attempt another push; otherwise, further cooling toward $0.0262 could follow.
Pro Tip: Look for a breakout above $0.0284 for continuation, or buy dips near $0.0265 with volume confirmation.
$VET Struggling to break above 0.28. This is a critical resistance level. Break and close above it on a daily, and the rally begins. Should be able to do that tonight if BTC stays stable.
But there are now too many trading pairs in different stablecoins??
Ualifi AraĆŗjo
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Bullish
Most newer Traders don't pay attention to this, which is fatally a mistake. The Dominance of USDT is extremely important, and the current moment is very significant.
I hope we have a new drop below 5%, this will give us another good recovery in #altcoin , next week will be eventful.
The USDT.D chart has been perfectly useful since OCTOBER 2022, incredible! šāš»š„³
Okay broh. If we hit 90k tomorrow, it becomes sentiment, not chart ššš
CRYPTO MECHANIC
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I turned short term bullish on $BTC and expected it to hit $88k zone in my opinion this 88k-94k ish zone is important zone because this is where the bullish structure was broken.
i do not want to be one becoming bullish at a key zone. I think this zone does have the potential to send the price back to the lows.
That being said, i will sit on the sides now and watch what the price will do.
There's no token without demand. You should talk about the rate of demand and not that there's no demand. You've 10 bottles with 5 demand,if you destroy 10,you are left with only 5
CRYPTO MECHANIC
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Imagine you have 20 bottles but you donāt have a customer. You decided to destroy 10 bottles thinking this will bring some customers as i now have less bottles.
There's no token without demand. You should talk about the rate of demand and not that there's no demand. You've 10 bottles with 5 demand,if you destroy 10,you are left with only 6
CRYPTO MECHANIC
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Imagine you have 20 bottles but you donāt have a customer. You decided to destroy 10 bottles thinking this will bring some customers as i now have less bottles.
Burn reduces circulating supply. Everything is dependent on the forces of demand and supply. A reduction in supply drives prices. This is commonsensical
CRYPTO MECHANIC
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Supply Burn doesn't mean the price will go up Burning supply doesn't drive prices. Demand drive the prices. If there is high demand even if there is no supply burn the price will go up.
But if there is no demand, Burning supply won't help the price move.
This doesn't apply to $OM it applies to every token burn supply but have no market demand.