Hello Traders!
VET is another ecosystem asset.
The asset is under selling pressure after a strong seller reaction from the $0.154 level.
We should look for purchases based on a possible continuation of the correction of the asset.
The nearest liquidity buffer is the $0.082 - $0.099 range. It's better to buy closer to the lower border of the range - the level of $0.082.
It's better to place a stop under $0.05700. As the stop is long it's better to work with 50% of the volume of allocated funds for the deal at first, to make other purchases after correction completion.
The targets for purchase will be price levels
$0,154
$0,187
$0,234
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
VET is another ecosystem asset.
The asset is under selling pressure after a strong seller reaction from the $0.154 level.
We should look for purchases based on a possible continuation of the correction of the asset.
The nearest liquidity buffer is the $0.082 - $0.099 range. It's better to buy closer to the lower border of the range - the level of $0.082.
It's better to place a stop under $0.05700. As the stop is long it's better to work with 50% of the volume of allocated funds for the deal at first, to make other purchases after correction completion.
The targets for purchase will be price levels
$0,154
$0,187
$0,234
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice