Been following this micro-cap gem since they announced listing on Binance DEX a while back… The last big run was prior to that announcement, so a classic case of “buy the rumor, sell the news”… Anyway, the reason I’m adding this to my Portfolio today, is a basic case of risk/potencial math (despite loving their white paper and the overall potential of it’s project).
VRA is standing on it’s ascending support, and it’s reacting… not with much volume , but still reacting. I’m taking in consideration that the last move was a breakout of the prior bearish pattern , so the current down move is a just a (huge) consolidation process. So, if we’re technically on the beginning of a potential bull trend, this could be a golden opportunity of buying VRA low, with a no-brainer risk/reward ratio.
I’m looking to 0.000004 as a breakout confirmation, and probably a good zone for some profit taking, and I’m considering the 0.000010 as the main target of another bull run. This pattern would lose it’s logic if a new low is made.
– Buy small % of portfolio for mid-term with main target near 0.000010, exit the plan if new low is printed, take some profit out near 0.000004 to ride the rest risk free.
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