$VELODROME Analysis

$VELODROME is trading at $0.1754, showing a decline of 8.41% over the last 24 hours. The price is approaching a critical support level, signaling a potential reversal or continuation of the downtrend.

🔑 Key Levels to Watch:

Resistance: $0.1820 – Targets: $0.1860, $0.1920

Support: $0.1750 – Downward targets: $0.1700, $0.1650

📈 Trade Setup:

Long Entry: Above $0.1800 with targets at $0.1860 and $0.1920.

Short Entry: Below $0.1750 with targets at $0.1700 and $0.1650.

⚠️ Stop-loss:

Long: Below $0.1750.

Short: Above $0.1800.

As $VELODROME tests its support level, watch closely for a breakout or breakdown to confirm the next move. Trade cautiously in this volatile market.

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