$VELODROME /USDT Trading Signal – Pullback Setting Up for a Potential Rebound

Observation: The $VELODROME /USDT pair reached a high of $0.1834 before retreating to $0.1740, presenting an opportunity for a bounce from support levels or a continuation if bullish momentum resumes.

Trade Setup:

Entry Zone (Long): $0.1720 - $0.1750

Targets:

1. Target 1: $0.1800 (Immediate resistance)

2. Target 2: $0.1850 (24-hour high test level)

3. Target 3: $0.1900 (Bullish breakout extension)

Stop Loss: $0.1670 (Below support zone)

Market Insight: With recent DeFi interest, $VELODROME is showing significant volatility. Watch for volume surges near $0.1720 as a potential signal for an upward reversal. A breach of $0.1834 could trigger further gains.

Pro Tip: Use a layered profit strategy at each target while trailing your stop loss to maximize returns.

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