Whats up everyone, as you can see from the chart above, I have kept it very simple.
We broke a key level of support around 38000 satoshi after the mainnet launch which was fundamentally successful although the market has lost trading interest in this coin for the time being.
Believe me I am a huge believer in the long-term Fundamentals of VeChain but as it has had a huge run up this year going from approximately 7500 satoshi to a peak of 81000 satsoshi.
I am pretty confident in a bounce off the 0.618 level at 32500 satoshi which lines up perfectly with the previous major swing low.
Good risk to reward entering in that zone with a stop loss under the previous swing low.
Remember none of this is financial advice <3
We broke a key level of support around 38000 satoshi after the mainnet launch which was fundamentally successful although the market has lost trading interest in this coin for the time being.
Believe me I am a huge believer in the long-term Fundamentals of VeChain but as it has had a huge run up this year going from approximately 7500 satoshi to a peak of 81000 satsoshi.
I am pretty confident in a bounce off the 0.618 level at 32500 satoshi which lines up perfectly with the previous major swing low.
Good risk to reward entering in that zone with a stop loss under the previous swing low.
Remember none of this is financial advice <3