Morning all, hope you had a great weekend.
Not gonna lie VRA looks shit but there is some hope, ideally we want to see a bounce here and see the 0.618 retrace hold which would be bullish.
We managed to hold the biweekly order block in purple as support on the biweekly close, we want to see that hold and preferably bounce from here.
A lot is going to depend on BTC as VRA is highly correlated with BTC as opposed to some Alts and Eth for example that are showing relative strength in this corrective move.
We'll see what happens today but I still believe this is an epic discount on VRA and anyone who nabbed it when it hit 0.02 again well done, I missed it.
I am pretty cautious now and I am protecting my capital but we'll see how this week goes, fingers crossed we see some bullish price action come in.
Not gonna lie VRA looks shit but there is some hope, ideally we want to see a bounce here and see the 0.618 retrace hold which would be bullish.
We managed to hold the biweekly order block in purple as support on the biweekly close, we want to see that hold and preferably bounce from here.
A lot is going to depend on BTC as VRA is highly correlated with BTC as opposed to some Alts and Eth for example that are showing relative strength in this corrective move.
We'll see what happens today but I still believe this is an epic discount on VRA and anyone who nabbed it when it hit 0.02 again well done, I missed it.
I am pretty cautious now and I am protecting my capital but we'll see how this week goes, fingers crossed we see some bullish price action come in.
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Feel like I should also add, the selling of VRA vs comments on socials suggests to me a lot of weak hands were holding are dumping. My plan is to continue accumulating $VRA long term.
