$VELODROME /USDT: Eyeing a Potential Rebound
Current Price: $0.1965 (+5.25%)
Key Targets:
1. $0.2059 (Immediate Resistance)
2. $0.2121 (Breakout Level)
3. $0.2200 (Mid-term Target)
Market Overview: Velodrome has shown resilience by maintaining above $0.1925, its recent support level. The current uptrend is driven by strong volume, aiming to test the $0.2059 resistance. A break above this level could lead to a retest of $0.2121, unlocking potential for higher levels.
Trading Strategy:
Short-term: Monitor for a breakout above $0.2059. Place a stop-loss at $0.1925 to minimize risk.
Mid-term: Sustained buying above $0.2121 opens the path to $0.2200.
Stay cautious of retracements and manage positions wisely.