Vanar Chain ($VANRY ) has shown recovery attempts after recent volatility, but price is now approaching a key resistance zone near 0.0067ā0.0071, where sellers previously stepped in. This area aligns with declining short-term MAs, making upside continuation tougher without strong volume support.
š Overbought Signal: On lower timeframes, RSI is cooling after short-term rebounds and price has shown rejection wicks near resistance, hinting at weakening momentum. This suggests buyers are facing pressure as price tests supply zones.
ā ļø Reason for Caution: The broader trend remains under key moving averages, and repeated failures near resistance can lead to another pullback toward support. Without a clean breakout and volume expansion, chasing here carries higher risk.
š”ļø Safe Trading Advice: Consider partial profit-taking near resistance, trail stops on remaining positions, and wait for confirmation before re-entries. Protect capital first and let the market prove strength.
š¬ āStrong trends reward patience, but smart traders respect resistance.ā
Follow project updates from @Vanarchain , track $VANRY closely, and plan your risk like a pro.
š Stay sharp, manage risk, and trade the levels ā donāt trade emotions! šš