🚨 $VELODROME /USDT: Poised for a Critical Move – Watch Closely! 🚨
VELODROME is trading at $0.1769, showing a slight dip of -1.67% in the last 24 hours. The coin's range-bound movement between a 24-hour high of $0.1857 and a low of $0.1660 indicates a potential setup for a decisive breakout.
Key Levels to Monitor:
Support: $0.1660 – This level must hold to avoid further downside.
Resistance: $0.1857 – A breakout above could trigger a bullish surge.
Trade Setup:
Entry Point: Around $0.1769
Targets:
1. $0.1850 (Short-term target)
2. $0.2238 (Mid-term target)
3. $0.2519 (Extended target)
Risk Management:
Stop-loss: $0.1630 – To protect against unexpected drops.
Market Insight:
The current consolidation phase signals reduced volatility, often preceding a significant move. Watch for volume spikes near $0.1857 to confirm a breakout toward $0.2238 or higher.
💡 Pro Tip: Partial profits at $0.1850 can secure gains, while maintaining a position for potential upside toward $0.2519.
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