VEN/BTC currently is still trending upwards. A lot of support is present in the 50-56 range. 1. Old ATH: 54 2. Strong Trendline Still holds 3. 4hr Ichimoku Cloud - we bounced out of this but now we are still back in. 4. 200day MA is still under the trendline .
Perfect example of not chasing the pump. Patience will give you the entry if you wait for it. VEN is a great project with some superior backing behind it in Asia. If good news keeps coming, this pump will continue.
All these make this trade a good entry. Sell partial profits at the current All Time High to lock in gains, and possibly reload before a new breakout.
Entry: 50-56 1st Target: 80-82 2nd Target: 126
Questions or comments are welcome!!
Trade ist aktiv
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We entered the BUY ZONE, and now are still riding the support.
Kommentar
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Trade is still active as long as we hold that trend line. All eyes on BTC now.
Great Analysis!! I was eyeing my entry position at 52-53 for a couple days now. Then I saw it jumped, bought at 58900 cuz of FOMO smh...and then just resold at 57000. A small loss. Hoping it falls back down to that 52 level.