BINANCE:VENBTC keeps bouncing off this baseline support, and could give a decent 5% return, with the possibility of hitting 10% for those with steel nerves.
Trade closed: stop reached:
You've got to cut your losses at some point - but with some hot news from VEN today, it's another crypto surprise as to why the price of VeChain is so low and seemingly not heading upwards.
Looks like the reversal has started on the 1 hr chart. I think we can hope to see at least 10 % from here, back up to the original support. Only my opinion but maybe the drop in price was due to people dumping so that they could buy back cheap for when it starts to pump?
@mattsterrr, Yeah I was watching it last night thinking it might break through but it didn't. There seems to be resistance/support at 54133 which is where the 55 ma is heading towards. A triangle is forming on 30 min, so maybe we will break out of that at the end. Just looking for that reversal candle to confirm it. I've already set my sell order to take some profits,so I I would like it to go up haha.