VINE Looks Bearish (2H)

30 בינו׳

We previously provided a bullish analysis of VINE, but it failed. However, we had warned that this meme coin was risky and had already seen significant gains.

Now, the structure has turned bearish. It is currently moving orders downward toward the green zone.

Successive order blocks are forming, and the price has created a bearish CH.

As long as the lower supply is maintained, the price may continue moving toward the green box.

A daily candle close above the invalidation level will invalidate this analysis.

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You

1 בפבר׳

עסקה סגורה: היעד הושג

The VINE pair followed the analysis and dropped more than 41%, losing its value.

If the price reaches the optimized zone, you can look for buy/long setups on VINE.