VETUSD may drop even 80 % in this bear market
Updated
VETUSD looks mega bearish.
The price got rejected from the resistance multiple times.
To be honest, there's nothing bullish now on this chart. It looks like it can drop even 80 %, however there are multiple support levels that may hold.
In case of playing short position , we recommend taking profits at support levels (red lines).
Probably many persons will think that it's crazy to predict 80 % drop for VET, but remember, this is crypto and altcoins may go parabolic down in a bear market . Alts can reach crazy low levels before finding the bottom.
BTC.D looks like it wants to rise which is another reason why we expect altcoins to dump a lot.
The price got rejected from the resistance multiple times.
To be honest, there's nothing bullish now on this chart. It looks like it can drop even 80 %, however there are multiple support levels that may hold.
In case of playing short position , we recommend taking profits at support levels (red lines).
Probably many persons will think that it's crazy to predict 80 % drop for VET, but remember, this is crypto and altcoins may go parabolic down in a bear market . Alts can reach crazy low levels before finding the bottom.
BTC.D looks like it wants to rise which is another reason why we expect altcoins to dump a lot.
Trade active
VET bleeding as expected. The price action is gaining speed.
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