VEN is sitting just under 20 RSI on the daily. The chart is pretty bearish and there is no support until 9k satoshis. I believe that we will slowly trend up due to a buy the rumor sell the news event with the $BTC ETF. I place the horizontal resistance levels at 35k sats and 40k sats. This is where I would plan on placing my exits in this bounce.
Comment:
I made a pyramid entry and move up my stop after the nice gain from last night. Still keeping my exit the same.
Trade closed manually:
Bearish divergence on the STTF for BTC. Closed at 28.5k sats. Will think about reopening if it breaks the neckline.
Comment:
Bullish divergence spotted on the 4H. Reopened at 26.7k sats. Looking to ride this baby to at least 35.2k sats.