VeChain is currently piercing through the long term support at around 0.2320 and this could represent a nice long opportunity with 3:1 risk/reward ratio, in case of a pullback (to the upside). Although the MACD indicator does not look ideal, the RSI flashes undersold in the 15m chart. The situation is to be monitored.
I will be awaiting for the potential pullback and in case of further confirmation, I might enter the following trade:
Entry: 0.234839
TP: 0.258142
SL: 0.227096
Risk/reward: 3:1
Disclaimer: I am a beginner learning how to trade.
I will be awaiting for the potential pullback and in case of further confirmation, I might enter the following trade:
Entry: 0.234839
TP: 0.258142
SL: 0.227096
Risk/reward: 3:1
Disclaimer: I am a beginner learning how to trade.
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