VRAUSDT – Breakout From Downtrend Channel | Reversal Play?
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Let's analyse VRAUSDT:
After a prolonged downtrend within a well-defined falling channel, VRAUSDT has finally shown signs of reversal. Price action has convincingly broken above the descending channel and reclaimed the 50-day moving average – a major shift in momentum.
Setup Details
Entry Zone: 0.00139 – 0.00150 (Wait for retest)
Stop Loss: 0.00116
Targets:
• TP1: 0.00190
• TP2: 0.00280
• TP3 (for spot): 0.00361
Confluences Supporting the Trade
✅ Breakout from descending channel
✅ Strong volume candle on breakout
✅ Reclaim of the key moving average
✅ Clean invalidation level below breakout zone
✅ Risk: Reward above 6
This breakout could mark a trend reversal or a medium-term relief rally. As long as the price holds above 0.00139, bulls are in control. A healthy pullback into the entry zone would offer a second chance for late entries.
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments, and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
In-depth market analysis
Accurate trade setups
Early access to trending altcoins
Life-changing profit potential
Let's analyse VRAUSDT:
After a prolonged downtrend within a well-defined falling channel, VRAUSDT has finally shown signs of reversal. Price action has convincingly broken above the descending channel and reclaimed the 50-day moving average – a major shift in momentum.
Setup Details
Entry Zone: 0.00139 – 0.00150 (Wait for retest)
Stop Loss: 0.00116
Targets:
• TP1: 0.00190
• TP2: 0.00280
• TP3 (for spot): 0.00361
Confluences Supporting the Trade
✅ Breakout from descending channel
✅ Strong volume candle on breakout
✅ Reclaim of the key moving average
✅ Clean invalidation level below breakout zone
✅ Risk: Reward above 6
This breakout could mark a trend reversal or a medium-term relief rally. As long as the price holds above 0.00139, bulls are in control. A healthy pullback into the entry zone would offer a second chance for late entries.
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments, and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
Trade active
VRA TP1 achieved!Trade closed: target reached
VRA taking off! Target 1 ✅
Target 2 ✅
Big congrats to everyone riding this wave!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.