$VELODROME

VELO/USDT Analysis: Key Support and Resistance Levels to Watch

Currently trading at $0.1661, VELO/USDT is testing a strong support zone around $0.165. If the price holds this level, we could see a potential bounce to retest resistance at $0.180. This would offer an excellent opportunity for traders to capitalize on a short-term bullish move.

On the flip side, if $0.165 breaks, we could see further downside towards $0.150, where the next significant support level lies. If the market tests this area, it could present a good opportunity to re-enter the market at a lower price point.

Strategy: Watch for a rebound from $0.165 for a potential long position targeting $0.180. However, a break below $0.165 could signal a short-term bearish trend with targets at $0.150. Always apply tight stop-losses to manage risk effectively.

#BitcoinInSwissReserves #BTC94KShowdown #BinanceAlphaAlert #SolvProtocolMegadrop #Write2Earn!