Yello, Paradisers! Are you keeping an eye on #VANRYUSDT? This chart is reaching a critical level, and the next move could shape its mid-term direction. Let’s break it down.
💎#VANRY has the potential for a bullish continuation if it manages to break above the key resistance area at $0.15. If the price is rejected at this level, we could see it pulling back to retest the support zone around $0.118 to $0.11. A successful breakout above the key resistance would likely trigger a bullish movement, with a high chance of reaching the major resistance target.
💎On the flip side, if VANRY fails to rebound from the support zone and breaks below it, the price could form a false breakout. This would shift momentum downward, potentially heading to the demand area around $0.088 to $0.078.
💎Looking at past price behavior, the demand zone has been respected multiple times, providing strong support when tested. If VANRY revisits this zone, there’s a good chance we’ll see a similar reaction. However, if the price breaks below $0.078 and closes a daily candle under it, the bullish scenario would be invalidated, and we could see the price dipping further.
Remember, trading is about managing probabilities and protecting your capital for the long run. Stay sharp and trade smart!
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