VECHAIN / Tether US

V for Vet ⚔️ - Analysis #4/50

584
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

on DAILY: Left Chart
VET is overall bearish, however we are approaching a strong demand zone and previous major high. So we will be looking for buy setups on lower timeframes.

on H1: Right Chart
VET is bearish from a short-term perspective trading inside the falling red channel.

🏹 Trigger => for the bulls to take over, we need a new high to form and then a break above the upper red trendline and red zone.

Meanwhile, until the buy is activated, VET can still trade lower till the 0.02 - 0.021 demand zone.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

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