#VETUSDT Traders watch VeChain 10% upsideVeChain / TetherUSBINANCE:VETUSDTCryptoAnalystSignal#VET The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary. The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions. A key support zone has been identified in green at 0.004330. The price has bounced off this zone several times, making it a strong support level. The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move. Entry Price: 0.004800 Target 1: 0.004900 Target 2: 0.005070 Target 3: 0.005270 You can close at the second target or wait for the third target. The choice is yours. Stop Loss: At the resistance zone in green. Remember this simple rule: Money Management. Any questions? Please leave a comment. Thank you.