VET ANALYSIS (CREATING NEW TEMPORARY SUPPORT?)
VET
VET has been on a major correction since hitting the weekly order block zone. VET is looking to create a new temporary support line inside the yellow box if this holds and a strong reversal begins. There is a smaller falling wedge displayed in the chart and it looks to have broken right at 68 sats roughly. If this can hold, it is a great spot to enter a long position. Look outward at a re-attempt at 50 MA and T1 at 77 sats. I also expect one more hit to the weekly resistance block to see if buyers are exhausted or are here to stay. Therefore, T2 is just before this zone at 87 sats. It is possible this attempt will also be rejection so look to take profit at the exit zones.
Possible Entries: 67 sats
VET has been on a major correction since hitting the weekly order block zone. VET is looking to create a new temporary support line inside the yellow box if this holds and a strong reversal begins. There is a smaller falling wedge displayed in the chart and it looks to have broken right at 68 sats roughly. If this can hold, it is a great spot to enter a long position. Look outward at a re-attempt at 50 MA and T1 at 77 sats. I also expect one more hit to the weekly resistance block to see if buyers are exhausted or are here to stay. Therefore, T2 is just before this zone at 87 sats. It is possible this attempt will also be rejection so look to take profit at the exit zones.
Possible Entries: 67 sats
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