This is the longest period of time we've consolidated near 120 sats since the beginning of this long consolidation period. If the market continues to move up, we should see VET finally break the 127 resistance and move up towards the green resistance zones. We are also forming a flag, which could break to the upside pretty soon.
Potential BUY setup:
Aggressive entry - NOW with a stop loss below 113, or whatever you feel comfortable with. Or upon break of the flag.
Conservative entry - break of 127/130 - however, this might be risky, as market makers have been taking some coins just above resistance levels before dropping them. This is an accumulation/shakeout tactic, as it causes people to lose patience. However, if this happens, I wouldn't be concerned - as I think it would continue moving up afterwards.
TARGETS for near/mid-term:
On the short side, if VET falls below 100 sats , that's a clear breakdown, although a bigger shakeout is possible. Unlikely to happen unless we receive some horrible news.
This is not financial advice. Just a quick update on VET, since it's still part of my portfolio and I've been observing its (mostly boring) movements. Things may about to stop being boring though. I've also noticed VTHO price increasing (which would indicate more network usage).