Vela
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VELAS Ready for Takeoff : Bullish Breakout on the Horizon !
#Vela #VLX #BULLishWithBULL #Write2Earn! #BinanceSquareFamily
VELAS (VLX) is primed for a bullish breakout as the return of Alex Alexandrow revitalizes the project. A **falling wedge** pattern on the 1-hour chart signals a bullish reversal, offering a great entry point for traders and investors. With momentum shifting, VELAS is building pressure for a surge.
Key Analysis :
- Falling Wedge : A classic bullish reversal pattern shows breakout potential.
- Resistance Levels : Immediate resistance at **$0.01194**, with targets at **$0.014** and **$0.0166**.
- Support Levels : Strong support at **$0.01115** during potential pullbacks.
Technical Indicators :
- VMC Cipher B : Shows momentum divergence, signaling incoming buying pressure.
- RSI : Hovering at **44.7**, indicating an oversold condition, ready for a price rise.
- Stochastic Oscillator : Rebounding from **47**, suggesting bullish momentum is starting to pick up.
Trading Strategy :
- Entry Zone : Between **$0.0112 - $0.0115**, with a breakout buy if it surpasses **$0.01194**.
- Stop Loss : Below **$0.0108** to protect against sudden downside.
Conclusion :
VELAS is set for a bullish breakout, with technical indicators and leadership changes aligning for a potential surge. Keep an eye on the resistance at **$0.01194**—a breakout here could lead to quick gains.
Advice :
Build positions early and manage risk with a 1:3 risk-to-reward ratio. Don’t miss out on this potential ride to higher levels!
#Vela #VLX #BULLishWithBULL #Write2Earn! #BinanceSquareFamily
VELAS (VLX) is primed for a bullish breakout as the return of Alex Alexandrow revitalizes the project. A **falling wedge** pattern on the 1-hour chart signals a bullish reversal, offering a great entry point for traders and investors. With momentum shifting, VELAS is building pressure for a surge.
Key Analysis :
- Falling Wedge : A classic bullish reversal pattern shows breakout potential.
- Resistance Levels : Immediate resistance at **$0.01194**, with targets at **$0.014** and **$0.0166**.
- Support Levels : Strong support at **$0.01115** during potential pullbacks.
Technical Indicators :
- VMC Cipher B : Shows momentum divergence, signaling incoming buying pressure.
- RSI : Hovering at **44.7**, indicating an oversold condition, ready for a price rise.
- Stochastic Oscillator : Rebounding from **47**, suggesting bullish momentum is starting to pick up.
Trading Strategy :
- Entry Zone : Between **$0.0112 - $0.0115**, with a breakout buy if it surpasses **$0.01194**.
- Stop Loss : Below **$0.0108** to protect against sudden downside.
Conclusion :
VELAS is set for a bullish breakout, with technical indicators and leadership changes aligning for a potential surge. Keep an eye on the resistance at **$0.01194**—a breakout here could lead to quick gains.
Advice :
Build positions early and manage risk with a 1:3 risk-to-reward ratio. Don’t miss out on this potential ride to higher levels!
From all of these, I'm most excited about the P2P OTC platform.
#Vela OTC will enable trading large amounts of tokens without incurring large slippage losses. The official launch will also come with new pairs, grand trading competitions, & major infrastructure upgrades.
#Vela OTC will enable trading large amounts of tokens without incurring large slippage losses. The official launch will also come with new pairs, grand trading competitions, & major infrastructure upgrades.
LIVEHanBin
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@vela_exchange scheduled the official launch for May
It's been a big month for #Vela , which surpassed $5B in volume.
The official launch will bring major improvements:
•Support for multiple stables
•Vela OTC
•One click trading feature (for a #CEX-like UX)
•improved charts
It's been a big month for #Vela , which surpassed $5B in volume.
The official launch will bring major improvements:
•Support for multiple stables
•Vela OTC
•One click trading feature (for a #CEX-like UX)
•improved charts
