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ViteBtc Trading idea

As you can see from the chart, VITE/BTC has recently broken down below the trendline support. This breakdown is likely to lead the price towards our designated zone of accumulation, which is shown as a slant channel around 0.00000051. We have identified this area as a potential turning point for the pair, offering a possible buying opportunity for traders.
If the price indeed bounces from this accumulation zone, our expected target for VITE/BTC would be around 0.00000230. This represents a substantial upside potential from the current level, making it an attractive risk-reward trade setup.
However, it is crucial to consider the alternative scenario. If the price breaks down below the immediate support zone at 0.00000051, we could see a further decline towards the next support level at 0.00000012. In this case, we would recommend reassessing your trading strategy and monitoring the market for new developments.
This analysis is for informational purposes only and should not be construed as financial advice.
If the price indeed bounces from this accumulation zone, our expected target for VITE/BTC would be around 0.00000230. This represents a substantial upside potential from the current level, making it an attractive risk-reward trade setup.
However, it is crucial to consider the alternative scenario. If the price breaks down below the immediate support zone at 0.00000051, we could see a further decline towards the next support level at 0.00000012. In this case, we would recommend reassessing your trading strategy and monitoring the market for new developments.
This analysis is for informational purposes only and should not be construed as financial advice.
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.