VeChain (VET) - October 22

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(VETUSD 1W Chart) - Medium to Long-Term Perspective
Above 0.02332630 point: expected to continue uptrend

Above the 0.03981204-0.06265984 section: Expected to create a new wave.

Above the 0.14187200 point: expected to accelerate the uptrend.

(1D chart)
Resistance section: near the 0.14187200 point

First support section: 0.08458101-0.09110688
Second support section: near point 0.06265984

To break above the resistance zone, we need to check if the price holds above the 0.11326725 point.

So, if you find resistance by falling from the 0.11326725 point, you need a short-term Stop Loss.
(This is only possible for those who are familiar with short-term trading.)

When you touch the first support zone, you need to make sure that it rises above the 0.11326725 point with a sharp rise.

If the price holds above the resistance level, I expect a move towards the 0.20955073-0.22890460 area.

(1D chart with drawn lines removed)
We show you how to set support and resistance points by activating the MRHAB-O indicator set on the chart.

Checking the chart, checking the relationship between price flow and volume, and finding support and resistance points in price movement is an important part of trading.

I think that the trends or various patterns drawn on the chart are used to analyze the chart.
To proceed with trading with this analyzed data, you need to set up support and resistance points or sections.

Otherwise, there is a high probability that the distribution of funds will fail.

Buying with all your funds at once is a method used in very short, short trades that require a quick sell.

This is because, if you do not sell in segments by selling quickly, the psychological burden will increase and your trading may lead in the wrong direction.

When the price declines and it is confirmed that the price is supported at any point or section, it is necessary to proceed with a split purchase at that time.

Then, if the price surges or it is confirmed that there is resistance at any point or section, we proceed to sell in installments.

If the price rises and you find support at the resistance point or section, you can proceed with a split buy.

However, since the price is already rising, buying with a large amount of money will increase the risk, so a short-term transaction that can recover the purchase principal is required more quickly.


We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

[Example of exchange chart setup]



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