🚀 $VELODROME /USDT: Price Action and Strategic Trade Setup 🚀

Current Price: $0.2401

24H Range: $0.2313 - $0.2754

🎯 Key Targets:

1️⃣ Bullish Target: $0.2600 (Resistance Retest)

2️⃣ Breakout Target: $0.2880 (Momentum Level)

3️⃣ Extended Target: $0.3120 (Psychological Resistance)

🟢 Long Setup:

Entry: Above $0.2450 (signs of bullish momentum).

Stop-Loss: $0.2350.

Take-Profit Levels: $0.2600, $0.2880, $0.3120.

📉 Short Setup:

Entry: Below $0.2350 (break of immediate support).

Stop-Loss: $0.2450.

Take-Profit Levels: $0.2240, $0.2100, $0.1900.

💡 Market Insights:

Volume Alert: A surge in trading volume could lead to a breakout or breakdown in either direction.

Trend Analysis: $VELODROME is consolidating after a sharp move from $0.3880 to $0.2401; a reversal or continuation move is likely.

Indicators: Keep an eye on MACD for crossovers and RSI for signs of recovery or further selling pressure.

🚨 Your Strategy:

Trade smartly with precise entries and exits while managing your risk. $VELODROME /USDT’s consolidation offers opportunities for both breakout buyers and short sellers!

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