VANAUSDT has exploded over 50% today! Bulls are driving the price higher, but RSI is now overbought. This setup is a momentum tradeβcan it push even higher, or is a pullback near?
Trade Setup:
Entry Price: $8.667
Take Profit: $9.703
Stop Loss: $7.648
Leverage: 20x
Market Insights:
RSI at 74.02 β Overbought zone, which could mean a short-term pullback.
Strong Uptrend β Bulls have full control, breaking previous resistance levels.
Volume Surge β A high buying volume signals strong momentum, but profit-taking could happen soon.
Potential Profits & Risks (20x Leverage):
Take Profit Hit ($9.703):
- Price Increase: 11.96%
- 20x Leverage Gain: +239.2%
Stop Loss Hit ($7.648):
- Price Drop: 11.75%
- 20x Leverage Loss: -235%
Whatβs Next?
Bullish Scenario: If price holds above $9.00, we could see a breakout toward $10+.
Bearish Scenario: If bulls lose strength, a pullback toward $8.00 β $7.64 is possible before another move up.
Will VANA keep flying, or is a correction incoming? Drop your thoughts below!