VIA profit targets

VIA isn't really trending now and got stuck in a channel between 1250 and 1380. Knowing that already gives plenty of opportunities for swing trading. But what we should be aware of it that once it breaks 1380 resistance it may go up by ~10% pretty fast. The next target at 1735 (25% profit) is also pretty real but should be the last one as it has a lot of vlume in resistance. So I suggest putting an alram for that price and be ready to jump in. Just be aware of a possibility for a bull trap like it happened on 29th of August.

Day chart shows SR lines.

I am not a financal adviser. Trade on your own risk.

Comment:

Be carefull when playing rebound of 1250-1260 support. Remember - the more times SR level is tested the weaker it becomes. That level was tested too many times so the next might be the last. Buy only on confirmed rebound or don't buy at all. Other option is to set an order somewhere around 1255 with SL at 1249. Timeout 5-10 minutes delay timeout for SL is also welcome - some servies allow to do that. If you need a link I can send in private message.

Trade closed: stop reached:

VIA got hit by BTC as all the market and left its chanel. Now it seems to be recovering.