Hi dear friends, hope you are well and welcome to the new update on VeChain (VET).
Previously the VET formed a nice trade setup and gave us chance to earn good profits.
This time the VeChain (VET) broken out the triangle on daily time period chart. The price action has re-tested the previous resistance as support on 4-hour but not on daily.
Sell targets:
The technical sell target as per the symmetrical triangle for this trade is $0.19.
Stop loss:
Stop loss is $0.11 as it is the recent swing low before the breakout.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Previously the VET formed a nice trade setup and gave us chance to earn good profits.
This time the VeChain (VET) broken out the triangle on daily time period chart. The price action has re-tested the previous resistance as support on 4-hour but not on daily.
Sell targets:
The technical sell target as per the symmetrical triangle for this trade is $0.19.
Stop loss:
Stop loss is $0.11 as it is the recent swing low before the breakout.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.