VeChain | Massive Upside Potential
2024-12-07

VET Previous Analyzes   

Now I think another opportunity is coming.

 1. Importance of the Red Box Resistance 

 
 Key Level Confirmation: If this resistance is broken with strong momentum and volume, it likely signals that VET has overcome a critical supply zone. This often serves as a launchpad for further upside.
 Psychological Shift: Breaking a notable resistance can attract new buyers and trigger short covering, accelerating upward movement.
 

 2. Entry Point and Positioning 

 
 Previous Recommendation at $0.045: Your call around $0.045 was a solid entry point in hindsight. Those who followed it are now in a position of strength.
 Re-Entry Strategy: For those looking to "upload" again, targeting a pullback to support zones post-breakout (if the red box is cleared) can be an effective strategy. Use Fibonacci retracement levels or prior consolidation zones for precision. 
 

 3. Bullish Scenario Validation 

 
 Volume Confirmation: A breakout above the red box should be accompanied by significant volume to confirm the move isn't a false breakout.
 Macro Factors for VET: Consider VeChain's fundamentals, such as partnerships, enterprise adoption, and developments in blockchain supply chain solutions. Positive news can fuel the rally further.
 

 4. Long-Term Vision for VET 
 
 Next Resistance Levels: Identify key targets for profit-taking or psychological resistance zones (e.g., $0.10).
 Spot Holdings Strategy: For long-term holders, accumulating in green zones while focusing on the macro bullish narrative of VET is a sound approach.
 

 I keep my charts clean and simple because I believe clarity leads to better decisions. 

My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.

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