VET has broken the local trend line, which is a signal that support has not deterred sellers and price could continue to decline. In addition, we see volume in spikes, which also tells us that big players are locking in their positions. This is also a bad signal for an uptrend.
If you look at it from the technical analysis side, there are more downside than upside prerequisites right now.
Below is the area where the price could come in.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
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