Updated

Is VIDT about to drop? Don’t ignore the bearish signs! (3D)

Note: The funding fee for this asset in futures is very high, and it's also a highly volatile and risky asset. Be cautious when taking positions on it.

Note: This coin is on Binance's delisting red list.

Since the point where we placed the green arrow on the chart, this asset has started forming a symmetrical pattern.The pattern has generally been upward, although it eventually transitioned into a sideways movement.

We are currently in the final bullish wave of this pattern, known as wave I. The red zone marks an optimized supply area. if the price reaches this zone, it presents a potential Sell/Short opportunity.

A daily candle closing above the invalidation level will invalidate this analysis.

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You

Trade closed: target reached

Boom
It's done.

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