Where would you set the support and resistance for VET?

[9thsky]

[Tytanowy Janusz]

Here you go:

"Here you go" XDXD Stoploss at 45% loss. Well if you accept 45% loss ... why not accept 100%? @OP set stoploss at 0$. "Here you go" XD And whats even more funny... this is TRX chart not VET. "Here you go" YOLO.

@OP
1- protect your money
2- earn

In this order. Vet is not the best thing to trade right now. I would sell it, wait for bull formation forming up and enter when you have good risk/reward proportion. Not stoploss at 45% loss Wait for bullish formation.

Something like that:


And enter at red buy zone with tight stoploss. if it will pump right now ... dont try to chaise the train. There will always be a second one.

[JeromeTash]

I suggest you look at the 1 day or even the 1-week time frame as well.

Do you know how to use the Fibonacci retracement tool? You can use it on 1 day time frame to determine the possible resistance and resistance levels, though I am not really sure about low marketcap coins VET whose price pumps and dump the way it likes.