Post
Topic
Board Speculation (Altcoins)
Re: VETUSDT broke out!
by
Harriti
on 07/12/2020, 20:08:24 UTC
As of the current chart, VETUSDT has yet to break $ 0.182 and the buying is weakening based on the current Doji H4 candle. Along with that, Bitcoin is showing signs of correcting again, so executing a Long order is also very risky at this time. I think its price will soon fall back to the MA25, then we should place a Long order, the risk is quite low when the H4 chart is showing bull trend.
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You were right, the trade got stopped out due to BTC correcting under $19k again making a double bottom at around 18900. I still believe this VETUSDT is a good trade to enter even at the current price because BTC is not going to show a rebound again towards downside, so holding on to enter isn't worth it. Else, you can set up your own targets for this trade but this token is looking highly promising to me.
Yes, I just want us to preserve capital as best we can and avoid trading margin with high risk situations like this ^^

Will VET have big news in the future? Do you have any hidden information or is it just the result of your long-term analysis? I'm excited to hear your rationale as I enjoy holding potential altcoins over the long term at the moment.