Technical analysis by MoriartyTrading about Symbol VIC: Buy recommendation (2/16/2025)

📉 LONG VICUSDT.P from $0.2507🛡 Stop loss $0.2470🕒 1H Timeframe📍 Important Note:Wait for confirmation around the $0.2507 level. Enter the trade only if price holds above with volume.✅ Overview VICUSDT.P :➡️ The chart shows a completed Falling Wedge — a bullish reversal pattern that typically leads to an upside breakout.➡️ After that, a Bearish Pennant formed but failed to push the price significantly lower, indicating weakness in sellers.➡️ Currently, the price is breaking out of the triangle pattern, hinting at a possible bullish continuation.➡️ Entry level marked at $0.2507, right after the breakout zone, supported by steady volume and short-term uptrend.➡️ Volume Profile on the left reveals a low-volume zone above, making it easier for price to climb toward TP targets.🎯 TP Targets:💎 TP 1: $0.2525💎 TP 2: $0.2545💎 TP 3: $0.2565⚡ Plan:➡️ Monitor price reaction at TP1 — partial exit recommended.➡️ Watch for confirmation above $0.2507.➡️ Enter LONG after retest and volume confirmation.➡️ Set stop loss below recent low — at $0.2470.🚀 VICUSDT.P shows signs of reversal and strength — holding above the breakout zone could lead to upside movement!