VET - there's another roughly 45% to go
After Bitcoin, many altcoins are also returning to their former strength in the year 2024. Among the most attractive altcoins in our view is VET. The price has seen strong gains in recent days and appears far from the end of its rally. We expect VETUSD to rise by around 45% once more before the price begins a noticeable correction.
However, we advise waiting for a decline to around 0.042 before entering a long position. The reason for this is that the daily chart currently appears overheated and should first cool down.
Please note that the trade idea is an approach applicable if one wants to execute the trade "in one go." For day and swing traders, there may be further attractive trading opportunities with better RRRs in the upward direction.
However, we advise waiting for a decline to around 0.042 before entering a long position. The reason for this is that the daily chart currently appears overheated and should first cool down.
Please note that the trade idea is an approach applicable if one wants to execute the trade "in one go." For day and swing traders, there may be further attractive trading opportunities with better RRRs in the upward direction.
Comment:
We are ~ 7% up since we opened the position. Looking good
Comment:
10 % up. VET reached the 25 % mark, but came down.
Althought VET is doing a bit worse than other well known altcoins, we stay bullish.
Althought VET is doing a bit worse than other well known altcoins, we stay bullish.