$VANA is struggling to break its downtrend. Resistance is holding firm at channel top.🩸

$VANA SHORT

Entry: 1.48 – 1.51

TP1: 1.40

TP2: 1.30

SL: 1.577

Rallied back to the upper boundary of a long-term descending channel, but the momentum is stalling. We are seeing clear signs of exhaustion as it taps into previous supply, with sellers aggressively stepping in to defend the trendline. Since the market structure remains bearish and we’ve failed to print a higher high, a rejection here sets us up for a move back toward the lower support levels and the bottom of the range.

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VANAUSDT

Löpande

1.635

+11.14%