VET DAILY TRADE #16 -> RETEST ENTRY no2 - The Retestening
VET broke resistance again, another breakout essentially, now looking to retest resistance. BTC will determine whether this is is a fakeout or not. VET is still being influenced greatly by BTC price action, we aren't seeing a ton of trading pair separation.
I will say I think BTC is showing a short term trend reverse after failing 59k again, I think testing trend line I have at around 57.5k is more likely today, which may bring VET below this resistance again. The safe play today could be buying in the support cloud at .217
Another strategy here, which I'm taking, is just accumulation. Let your entry ride, buy more at the retest, buy more if we hit the support at .217.
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ENTRY
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BUY: .224 to .225
TARGET: .279
STOP: 4H close below .217 support
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Fundamentals
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Rank #14
Market Cap = $12,585,223,824
Blockchain-powered supply chain platform
Top tier project
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I will say I think BTC is showing a short term trend reverse after failing 59k again, I think testing trend line I have at around 57.5k is more likely today, which may bring VET below this resistance again. The safe play today could be buying in the support cloud at .217
Another strategy here, which I'm taking, is just accumulation. Let your entry ride, buy more at the retest, buy more if we hit the support at .217.
-=-=-=-=-=-=-
ENTRY
-=-=-=-=-=-=-
BUY: .224 to .225
TARGET: .279
STOP: 4H close below .217 support
-=-=-=-=-=-=-
--==--==--==----==--==--==--
Fundamentals
--==--==--==--
Rank #14
Market Cap = $12,585,223,824
Blockchain-powered supply chain platform
Top tier project
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