VANRY Market Update: Holding the Line? 📉
Taking a look at the $VANRY 4H chart, and it’s a mixed bag for the bulls. We’ve seen a decent recovery since that wick down to 0.0049, but the momentum is starting to look a bit tired at the 0.0061 level.
The Good:
The SuperTrend (10,3) has flipped green.
Support seems to be forming around 0.0057.
The Bad:
High-timeframe stats are still bleeding (-29% this month).
Volume is tapering off on the 4H candles.
Verdict: We are in a consolidation phase. I’m looking for a solid close above 0.0064 to feel confident in a move higher. Otherwise, we might just be ranging here for a while. Trade safe! 🛡️
#vanar $VANRY
Taking a look at the $VANRY 4H chart, and it’s a mixed bag for the bulls. We’ve seen a decent recovery since that wick down to 0.0049, but the momentum is starting to look a bit tired at the 0.0061 level.
The Good:
The SuperTrend (10,3) has flipped green.
Support seems to be forming around 0.0057.
The Bad:
High-timeframe stats are still bleeding (-29% this month).
Volume is tapering off on the 4H candles.
Verdict: We are in a consolidation phase. I’m looking for a solid close above 0.0064 to feel confident in a move higher. Otherwise, we might just be ranging here for a while. Trade safe! 🛡️
#vanar $VANRY