$VELODROME has shown a strong upward momentum on the chart, with a significant price increase of +13.05% in the past 24 hours. The coin has been trading within an uptrend channel, indicating a bullish bias.
Current Price: $0.2096
Entry Price: $0.2096 (Current Price)
Resistance Levels:
* $0.2150
* $0.2161 (24-hour High)
Support Levels:
* $0.2050
* $0.1950
Take-Profit Targets:
* Target 1: $0.2150 (Resistance Level)
* Target 2: $0.2161 (24-hour High)
* Target 3: $0.2200 (Breakout Level)
Stop-Loss: $0.1950 (Strong Support Level)
Cautionary Note:
Traders should monitor the price action closely for signs of stability or potential breakout signals. If the price breaks below the $0.2050 support level, it could signal a potential reversal of the uptrend.
Signal:
Given the strong upward momentum and bullish chart pattern, this is a BUY signal for VELODROME/USDT. Traders should consider placing a buy order at the current price with a stop-loss at $0.1950 and take-profit targets at $0.2150, $0.2161, and $0.2200.
