$VELODROME /USDT 🚴‍♂️ Analysis: Key Levels to Watch!

🔥 Currently at $0.1670, VELO is testing strong support around $0.165.

💪 If it holds, 👀 for a bounce to retest resistance at $0.180. 📈 This could be a 🚀 for short-term gains!

📉 If $0.165 breaks, ⚠️ downside risk towards $0.150. 📉 This could be a buying opportunity at a lower price.

💡 Strategy:

* 🟢 Long if it rebounds from $0.165, targeting $0.180.

* 🔴 Short if it breaks $0.165, targeting $0.150.

⚠️ Always use tight stop-losses to manage risk!