🎯🚀🚀 technical analysis and trade signal for $VELODROME /USDT, based on the provided data:🚀🚀🎯

Current Price: 0.2097 USDT

24h High: 0.2119 USDT

24h Low: 0.1815 USDT

Support Levels:

Primary Support: 0.1865 USDT (SAR Level)

Secondary Support: 0.1815 USDT (24h Low)

Resistance Levels:

Primary Resistance: 0.2119 USDT (24h High)

Secondary Resistance: 0.2200 USDT (Potential level based on recent price action)

Trade Signal:

Trend: The price has gained +8.60% in the last 24 hours, indicating bullish momentum. The price has recently surged from its low at 0.1815 USDT and is approaching resistance at 0.2119 USDT, showing strong buying pressure.

Entry: Enter a long position around 0.2090-0.2100 USDT if the price holds above 0.1865 USDT (support zone). Watch for confirmation with a clear price hold or bounce.

Target Levels 🎯:

1. Target 1: 0.2150 USDT — A slight resistance area, taking profits here is advisable for short-term traders.

2. Target 2: 0.2200 USDT — A higher resistance area, where additional profit-taking can be considered.

3. Target 3: 0.2250 USDT — A strong psychological level to watch, where potential reversal or breakout could occur.

Trade Momentum:

Momentum: Positive, as the price has risen by 8.60% in the past 24 hours. The volume of VELODROME shows strong participation, suggesting that the bullish trend may continue.

Risk/Reward: With clear support at 0.1865 USDT, the risk is contained, offering a good risk/reward ratio if targets are met.

Stop Loss: Consider placing a stop-loss around 0.1860 USDT to protect against sudden pullbacks below the support zone.

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