Technical analysis by NebrasChart about Symbol VIC: Sell recommendation (8/17/2023)

📊 **Analysis by @LuciferCryptVIP ** **TOMO/USDT Short Setup Analysis** 📉 **Support and Liquidity Swap Levels:** - Buy Zone: 1.0834 - 1.0461 - Strong Support: 1.0461 📈 **Resistance Levels:** - Resistance 1: 1.5273 - Resistance 2: 1.6109 🎯 **Potential Targets:** 1. Target 1: 1.3428 2. Target 2: 1.2153 3. Target 3: 1.0988 📌 **Current Price: 1.4900** 📊 **Technical Analysis:** - TOMO/USDT is currently trading near a critical resistance level at 1.5273. - The price has exhibited a consolidation pattern, indicating a potential upcoming move. - Strong support lies at 1.0461, serving as a crucial level to monitor for potential reversal or continuation. - The targets present possible exit points for traders, with progressive downside potential. - Traders are advised to exercise proper risk management and consider stop-loss strategies. 📈 **Trade Idea:** - **Short Position Entry:** Upon a clear break below the strong support at 1.0461, consider entering a short position. - **Targets:** Take profits at 1.3428, 1.2153, and 1.0988. - **Stop-Loss:** Set a stop-loss above the resistance level at 1.6109. 🚨 **Risk Warning:** Trading involves substantial risk and may not be suitable for all investors. Ensure you understand the risks and have a solid risk management strategy. This analysis is for educational purposes and not financial advice. Always do your own research before making trading decisions. Good luck! @LuciferCryptVIP 🌟 (Note: This analysis is not financial advice. Please do your own research before making any trading decisions.)FULL TARGET DONE! -30%