$VELODROME

$VELODROME /USDT Analysis and Prediction

Current Price: $0.1965

EMA Trend: Price is trading below the EMA(7) and EMA(25), showing bearish momentum.

🔑Key Observations:

1. Support Zone: Immediate support at $0.1950. A break below this could lead to further downside.

2. Resistance Zone: $0.2037 (EMA25) and $0.2179 are key resistance levels to watch for any bullish reversal.

3. Volume: Slight decline, signaling reduced buying interest at the moment.

♂️Strategy:

Bullish Play (Reversal Expected):

🌟🌟Entry: $0.1980 - $0.2020 (Upon signs of a bounce above $0.1980).

🎯Targets:

🎯Target 1: $0.2050

🎯Target 2: $0.2100

🎯Target 3: $0.2170

🛑💫🛑Stop Loss: $0.1920

Bearish Play (Continuation Downtrend):

Entry: Below $0.1950 (if price breaks support).

💫💫💫Targets:

Target 1: $0.1925

Target 2: $0.1890

🛑🛑Stop Loss: $0.1980

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🛑Final Note:

Monitor for volume confirmation and ensure risk management with appropriate stop-loss orders. Do not overleverage, and wait for a decisive breakout or bounce before taking any trades.

#CryptoTrading #VELUSDT #TradingSignals

#Velodrome #XmasCryptoMiracles