$VELODROME /USDT Alert: Consolidation in Action – Key Levels to Watch! 🔥💯
Current Price: $0.2147 (-1.69%)
VELO is trading within a defined range, with a critical resistance zone around $0.2200-$0.2300 highlighted on the chart. This level is crucial for bulls aiming for a breakout.
📊 Short-Term Play:
• Bullish Breakout: Entry at $0.2220 with a target of $0.2400.
• Bearish Rejection: If rejected at resistance, expect a retracement toward $0.2000, offering a buying opportunity at lower levels.
📌 Risk Management:
• Stop-loss for breakout: $0.2100.
• For short entry: SL at $0.2250.
Market Momentum: The price is approaching a pivotal decision point. Stay alert for volume spikes and confirm signals before committing