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$VANRY trade📈
$VANRY delivered exactly what I was looking for. After reclaiming the $0.00495 area, the price exploded higher and reached the first target almost without any meaningful pullback.
The structure remains bullish, but after such a strong impulse, chasing the move here doesn't offer an attractive risk/reward.
🟢 Bullish scenario (still my preferred view):
Hold above the $0.0070-0.0072 area.
Form a higher low after the recent expansion.
Continue building above the breakout zone.
Then target the next resistance around $0.0098-0.0100.
The trend remains intact as long as buyers continue defending higher lows.
🔴 What I'm watching now:
After a nearly vertical move, a healthy correction would actually be constructive. Ideally, I'd like to see price revisit the breakout zone, find support, and then continue higher.
If the market starts printing strong rejection candles and loses the recent support area, a deeper pullback toward $0.0060-0.0065 wouldn't be surprising before the next leg up.
Since I'm already in the trade, I'm not adding at current prices. I'd rather wait for the market to offer a better entry after a controlled retracement.
🎯 Key levels:
$0.0070-0.0072 → first support that bulls need to defend.
$0.0098-0.0100 → next major resistance and primary upside target.
For now, the structure remains strongly bullish, but after such an aggressive rally, patience is likely to provide a much better opportunity than chasing green candles. 🚀