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VET 3x Short / Tether

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VETUSDT.3S trade ideas

Will this become a crypto VET?Like many alts, VET has faced a strong pullback from its ATH in April dropping by >70% (never buy at an ATH). Since then, it has been trading within this weak triangle on the 4-day timeframe. VET seems to have found shallow ascending support along the black line and could make its way toward the upper resistance over the next few weeks. The support looks strong but the main question is, will the support hold even if BTC drops to ~41/42k? Remember, any candle close below the black line means the idea is cancelled. For now, it is still trading above its 200 day EMA and is testing its 100 day EMA. I think it can move up. Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :) Please feel free to leave your comments, questions and thoughts below!
Long
by kush23456
VET curved channel with supports and resistancesMAGENTA CHANNEL This is a curved projection channel created upon a bounding box. The chart is presented over a LOG price scale. For its creation we use 3 "curved line boundaries" that cover the center, upper and lower limits for potential movement. Even if this not an attempt to forecast a trend or future scenario, it allows to have an easy to read view of probable limits and oscillation parameters. Just sharing my personal charts for learning purposes only. This is not an investment recommendation.
Long
by heroselohim
2
VECHAIN - The Final BreakdownVET is currently in a bigger ABC correction and approaching the final leg down of the C wave, after which we will be looking to buy and hold Vechain for the long term. We have the -0.27 fibonacci at $0 which is very unlikely. However, if price drop close 0, it should be seen as a buying opportunity. There's a lot of hype behind VET so it is unlikely that it will die anytime soon. Short Term SELL Trade Idea: - Watch for bearish price action within the current bear flag - Enter with stops above the bear flag - Target the 0.50 to 0.60 region Long Term BUY Trade idea: - Watch for one more drop back down to the 0.06 level - Enter with stops below that structure level - Target the wedge resistance as first target - Target ATH as second target. - HODL the rest Let us know what you think! log chart and
by Jbridgez
2