VET's reaction at the 61.8% Fibonacci retracement level is relatively weak, and the bearish pressure remains significant. To confirm the formation of a bottom signal, the bulls need to push the price above the descending trendline. From the current pattern, testing my green support zone for VET remains a high-probability event. Only a breakout above the trendline can indicate that the bottom has truly appeared; otherwise, a further decline to support levels remains the main expectation.
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ProposalDetective
· 9h ago
You're trying to bearish again, huh? To be honest, VET's recent reaction really isn't convincing. Not even holding the 61.8% level is a bit concerning.
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OnchainDetective
· 9h ago
It fucking broke the support again, it's so frustrating to watch.
Can VET just give us a clear move?
There's no rebound, just a direct drop through the support.
These recent reactions have been so weak, feels like the bottom hasn't been reached yet.
Wait for the trendline to break; everything else is just false signals.
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MEVHunterZhang
· 9h ago
The bears are so fierce, they can't even hold the 61.8... It's only valid once the trendline is broken. It's still too early to call the bottom.
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bridgeOops
· 9h ago
VET this time still depends on whether it can break the trend line, otherwise it's just the funeral of the bagholders.
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MainnetDelayedAgain
· 9h ago
According to the database, VET has once again bowed to Fibonacci; we've seen this script many times before.
How long has it been since the last "about to break through"? It deserves to be recorded in the Guinness World Records.
It will eventually be realized. Let's wait patiently for the bloom.
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AirdropChaser
· 9h ago
Here we go again with the trendline tricks. Playing with VET like this is really annoying.
VET's reaction at the 61.8% Fibonacci retracement level is relatively weak, and the bearish pressure remains significant. To confirm the formation of a bottom signal, the bulls need to push the price above the descending trendline. From the current pattern, testing my green support zone for VET remains a high-probability event. Only a breakout above the trendline can indicate that the bottom has truly appeared; otherwise, a further decline to support levels remains the main expectation.