As of now, Velodrome is trading at approximately $0.1735, showing a slight uptick over the past 24 hours.
Looking at the recent price action, Velodrome has been moving between $0.1720 and $0.1740, indicating a period of consolidation. The current resistance level sits firmly at $0.1740, while support is holding steady at $0.1720.
For those considering a short-term trade, entering around the current price of $0.1735 could be a strategic move. Setting target points at $0.1745, $0.1750, and a stretch target at $0.1755, with a tight stop-loss at $0.1725, might help you manage risk effectively.
Keep an eye on trading volumes—an increase could be a strong signal of momentum in either direction. The tight price zone offers a great opportunity for precision trades, but as always, the crypto market is unpredictable, so trade responsibly!
Happy trading!