$VELODROME VELODROME/USDT Analysis and Prediction

Technical Analysis Overview:

1. Current Price: $0.1965 (-2.87% in 24 hours).

2. 24H High/Low: $0.2179 (high) / $0.1950 (low).

3. Trend Indicators:

Price is below EMA(7) and EMA(25), signaling a bearish trend.

Approaching EMA(99) ($0.1973), which acts as a crucial support level.

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Prediction and Strategy:

Bearish Scenario (Trend Continuation):

Entry for Short: $0.1970–$0.2000 (if price fails to reclaim EMA(7)).

Target Levels:

First Target: $0.1900 (near-term support).

Second Target: $0.1850 (strong support level).

Stop Loss: Above $0.2020.

Bullish Scenario (Reversal):

Entry for Long: $0.1930–$0.1950 (if price bounces off EMA(99)).

Target Levels:

First Target: $0.2030 (EMA(25) resistance).

Second Target: $0.2100–$0.2150 (recent resistance levels).

Stop Loss: Below $0.1900.

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Observations:

The price is at a critical point near the EMA(99). A breakdown below $0.1950 could accelerate selling pressure.

Watch for a bounce from the $0.1930–$0.1950 zone, as it may indicate a reversal opportunity.

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Risk Management:

Allocate 2–3% of your portfolio for this trade.

Use trailing stop-loss orders to secure profits in case of sudden volatility.

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Final Note:

Stay cautious and monitor market volume for confirmation of direction. A decisive break below $0.1950 will likely favor bears, while a recovery above $0.2000 could signal a bullish reversal.

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