$VANRY is currently consolidating just below a key resistance zone, where sellers previously showed strong activity. Recent price action signals caution as momentum slows near overhead supply.
โMarkets reward patience โ profits come from respecting resistance.โ
๐ด Key Resistance Zone
Resistance Level: 0.0066 โ 0.0069
This zone previously triggered sell pressure
Price is facing rejection near moving averages (MAs)
Breakout needs strong volume confirmation
โ ๏ธ Overbought / Rejection Signals
RSI on lower timeframes is moving toward overbought territory
Recent candles show upper-wick rejection
Indicates buyer exhaustion near resistance
๐ง Reason for Caution
Liquidity is thinning near resistance
Failed breakouts can trap late long positions
Price is still below a confirmed structure breakout level
Fundamental progress by @Vanarchain is positive, but price must confirm
๐ก๏ธ Safe Trading Advice (Risk-First Approach)
โ Consider partial profit-taking near resistance
โ Trail stops on remaining positions
โ Avoid FOMO entries on green candles
โณ Wait for a high-volume close above resistance before re-entering
๐ Final Take
Vanar Chain is building steadily, but price action says respect resistance first. Smart traders protect capital and let confirmation lead the way.
๐ Plan your trade, trade your plan.
๐ Lock profits, protect downside, and wait for confirmation.
