Keeping an Eye on $VET! ๐ Potential Bullish Move Amid Pullback
๐VET is currently exhibiting a bullish market structure and undergoing a pullback.
๐If VETUSDT demonstrates an Internal Change of Character (I CHoCH), it could indicate a bullish move, especially since it has touched the previous resistance zone, which may now act as support after being broken.
๐In the event of a breakdown below this zone, a bounce can be expected from the supportive trendline, but confirmation is necessary before making any bullish decisions.
๐However, if both of these key bullish levels are breached, it would be considered a bearish scenario. It's advisable to refrain from trading until clearer price action for the bearish side emerges.
๐If VETUSDT demonstrates an Internal Change of Character (I CHoCH), it could indicate a bullish move, especially since it has touched the previous resistance zone, which may now act as support after being broken.
๐In the event of a breakdown below this zone, a bounce can be expected from the supportive trendline, but confirmation is necessary before making any bullish decisions.
๐However, if both of these key bullish levels are breached, it would be considered a bearish scenario. It's advisable to refrain from trading until clearer price action for the bearish side emerges.
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