VLX - Potential Bullish Reversal!

KUCOIN:VLXUSDT   Velas / Tether
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

VLX is sitting around a strong demand zone in green so we will be looking for buy setups.

on Daily: VLX formed a valid wedge pattern in blue but it is not ready to go yet.

Trigger => Waiting for a momentum candle close above the last high in gray for the bulls to take over from a long-term perspective.

Meanwhile, since VLX is sitting inside our demand zone , we will be looking for buy setups on lower timeframes.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!

This analysis is done using RichTL


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