Nov. 13 at 1:55 AM
$VNOM is currently trading at
$38.51, showing a moderate bullish sentiment with an RSI of 57.54, indicating potential upward momentum but not yet overbought. The price is above both the 30-day MA at
$37.43 and the 50-day MA at
$37.80, suggesting a positive trend. The recent high of
$40.53 indicates a resistance level, while the low of
$35.65 provides a support range.
Directional bias is bullish, supported by the price being above short-term moving averages and the RSI indicating strength.
Suggested entry is at
$38.60, slightly above the last close to confirm upward movement. Set a stop loss at
$37.80, just below the 50-day MA for protection.
Target 1 is
$40.00, approaching the 60D high, while Target 2 is
$40.50, slightly above the 60D high for potential profit-taking.
Monitor the ATR of 1.02 for volatility considerations.
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