TheDinoChart
Long

VET might have a nice setup very soon. Low risk & high reward!

BINANCE:VETBTC   VeChain / Bitcoin
Vechain is at the critical point right now where I believe if we break up above 42 Satoshi Vet will have a huge rally for upcoming months.

Reasons to enter:
1. Massive Falling Wedge on the weekly and VET at the bottom of its boundaries.
2. Bullish RSI divergence on Daily. Bears are losing steam.
3. Selling volume is decreasing.
4. Great R/R for long term investment.


Strategy:
Wonderful Risk/Reward Ratio = Target1 -> 10.13 or Target 2 -> 14.38 or Target 3 -> 27.63
Entry: around 0.00000042
Stop loss: 0.00000034
Target 1: 0.00000123
Target 2: 0.00000158
Target 3: 0.00000262

It is better to wait for the price to break out small resistance at 42 Satoshi and then enter the long on a retest of that level. Entering right now at 39 Satoshi is a bit riskier.
I would take initial BTC entry value as your profit at Target 1. And let the rest run risk-free towards Target 2 or Target 3.

Please take a look at my trading idea "A relief rally for ALTS is incoming!" where I explain why I think ALTS are due for a big bounce.
Trade safe!

Comments

sell while you still can, this is going 20 satoshi
Reply
@ribi, did you even read my analysis? I said to buy only if we break 42 Satoshi resistance ;)
Reply
ribi TheDinoChart
@TheDinoChart, I just adviced you when to bay
Reply
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