🚀 $VELODROME /USDT: TESTING KEY LEVELS – BREAKOUT OR CONSOLIDATION? ⚡
The $VELO/USDT pair is currently trading at 0.1590, nearing critical support and resistance zones. Traders should keep an eye on these levels as the market sets up for its next potential move.
📊 Trade Scenarios:
Entry Point: 0.1590
Take Profit (TP) 1: 0.1650
Take Profit (TP) 2: 0.1700
Take Profit (TP 3): 0.1750
Stop Loss (SL): 0.1520
Support is currently holding at 0.1520, while resistance is at 0.1650. A breakout above 0.1650 could push the price toward 0.1700 and 0.1750. On the downside, a drop below 0.1520 could signal further bearish pressure.
📉 Market Outlook:
VELO is consolidating near support at 0.1520, and if this level holds, there’s potential for a bullish move towards 0.1650 and higher. A breakout above 0.1650 would confirm upward momentum, while a drop below support may trigger a downward trend.
🔥 What’s your outlook on VELO? Share your thoughts in the comments! Don’t forget to like, follow, and stay tuned for more updates. 📈💬
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