GladeArchJoe

VET Bull Flag

Long
GladeArchJoe Updated   
BINANCE:VETBTC   VeChain / Bitcoin
VET has just come off the rebranding of VEN on it's own blockchain. Binance announce news of a 100 million VTHO airdrop for VET holders on August first. As a result, a bull flag has formed. The pole is roughly 70 sats in length so on a break out, 400-410 sats is possible. I would set my buys at the 50% retracement of the run and a stop loss a little past the 61.8% retracement if the pattern fails.
Trade closed: stop reached:
Sorry for the late reply, but I got stopped out at 290 sats right under the .618 fib. Stops are very important. Saved about a 35% loss in sats and 50% loss in USD.

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