VRAUSDT Looking Severely Overbought

A potential Reversal on VRAUSDT is imminent as things are looking incredibly overbought at the moment.

To further back the point of a potential reversal, Bitcoin, which leads the crypto market, is also looking oversold.

On higher timeframes, a reversal has not been signaled yet, but things are also looking oversold.

There can be a potential short squeeze before making it's way down.

This is not financial advice, all ideas are for educational purposes only.

Comment:

Correction, it is mentioned that Bitcoin as well as VRAUSDT on higher timeframes are oversold, this is a typo and should be overbought instead.