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ijustcoin
Dec 8, 2022 11:50 AM

VETUSDT will test the low at $0.017 once again Short

VETUSDT Perpetual ContractBybit

Description

Hi,
This is iJustCoin, the one lucky BEAR, who is shorting to put honey in his mouth!

- VETUSDT is so weak it can't even go up to test the resistance line above
- 3H,6H,12H strong sell singals
- It is very possible VET will touch previous low at 0.017XXX

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Click like and make sure you are following me on TradingView!

Feel free to ask me any questions related to the idea in the comment section - i'll be glad to reply.
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Chart Code:

Pastel Green Vertical Line - Long Signal
Pastel Red Vertical Line - Short Signal

Red Dashed Lines - Downward Reversal Momentum
Green Dashed Lines - Upward Reversal Momentum

Green Rectangle - Buying Area
Red Rectangle - Selling Area

Red Line - Stop Loss
Golden Line - Entry point
Green Line - Take Profit

Bold Aqua Dotted Line - Estimate Price Direction

Yellow Dotted Lines - Estimate Timerange of the price target might be getting hit

Orange Dotted Line - Profit taking Point
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Good Luck, Bye-bye!
And remember this market doesn't respect doubters!

Comment

The pennant got a different shape , because the support line now looks different. I might get bamboozled on that one, because i was wrong about support/resistance.

Comments
Solldy
That's a great idea! In the current situation, an asset is not very predictable, so thank you very much for posting!
ijustcoin
@Solldy, yeah, the Market is going flat for a long period of time. Looks like Market Maker is draining retail from money making it to get into one loosing trade after another, because there is no clear direction. But prediciton is made based on the indicators i am using, i see that at the 3H and 6H buying volume doesn't follow the price and we should go lower. The 2D TF shows a potential leg down as well, so 3H and 6H might be going in tact with 2D
SwallowPremium
That’s one possible option, thanks for the post!
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