Technical analysis by YoungMillionair about Symbol VRA: Buy recommendation (10/14/2024)

Buying Opportunity: The price is currently near the right shoulder, slightly above the 0.002699 USDT support line. This suggests a low-risk entry point . If the price moves upward and breaks the neckline at around 0.003013 USDT , this could confirm the bullish pattern, making it an ideal buying zone . Target: The green zone between 0.002699 USDT and 0.003013 USDT provides the target area for price movement, with the breakout potentially leading to a test of the resistance at 0.004064 USDT. After the breakout above the neckline, a conservative price target could be the distance between the bottom of the head and the neckline added to the breakout level. This could project a target near the 0.004064 USDT resistance. Conclusion: A confirmed breakout from the neckline (green line) would trigger a bullish momentum, providing a solid buying opportunity with a potential target around 0.004064 USDT.