Technical Analysis & Trade Signals for $VELODROME

/USDT

Momentum Overview:

Current Price: $0.1782 (+3.54%)

Momentum: Bullish, with steady upward movement in the past 24 hours.

Key Indicators:

1. Support Levels:

Strong support near $0.1760 (recent low).

2. Resistance Levels:

Immediate resistance at $0.1810 (depth level).

Trade Signals & Targets:

1. Entry Zone: $0.1775 - $0.1785 (near current price).

2. Targets:

🎯 Target 1: $0.1815 (short-term resistance).

🎯 Target 2: $0.1835 (24h high breakout zone).

🎯 Target 3: $0.1870 (next major resistance).

3. Stop-Loss: Below $0.1755 to limit downside risks.

Momentum Assessment:

Trend: Uptrend confirmed on the 15m and 1h charts.

Volume: Increasing volume suggests strong buyer interest.

Recommendation: Monitor the breakout at $0.1810 for a move toward the targets. Adjust stop-loss as price moves in your favor.

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