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Professor Mike
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Bullish
$VELODROME /USDT Analysis: Key Levels and Next Moves!đĽđŻ
Current Price Action: Velodrome/USDT is trading at $0.2027, showing a 2.37% daily increase. The chart indicates a steady bullish momentum after rebounding from the $0.1632 support level, touching a 24-hour high of $0.2109.
Trade Setup:
1. Long Entry Levels:
⢠Breakout Trade: Enter above $0.2109, aiming for a target of $0.2250 (next key resistance level).
⢠Dip Buy: Accumulate near the $0.1900-$0.1950 range for a potential retest of $0.2100.
2. Short Entry Levels:
⢠Look for rejection around $0.2100-$0.2150 and target $0.1850 (key support level).
⢠Consider shorting if the price breaks below $0.1900 with strong volume.
Next Market Move:
⢠Bullish Scenario: A confirmed breakout above $0.2109 with strong volume can push the price to the next resistance zone at $0.2250-$0.2300.
⢠Bearish Scenario: A failure to hold $0.2000 support could lead to a retest of $0.1850, forming a potential double bottom for a reversal.
Advice:
Secure partial profits near resistance zones and trail your stop loss for risk management. Watch for volume confirmation to validate breakouts or breakdowns!
#GrayscaleSUITrust #USUALBullRun #BTCNextMove
Current Price Action: Velodrome/USDT is trading at $0.2027, showing a 2.37% daily increase. The chart indicates a steady bullish momentum after rebounding from the $0.1632 support level, touching a 24-hour high of $0.2109.
Trade Setup:
1. Long Entry Levels:
⢠Breakout Trade: Enter above $0.2109, aiming for a target of $0.2250 (next key resistance level).
⢠Dip Buy: Accumulate near the $0.1900-$0.1950 range for a potential retest of $0.2100.
2. Short Entry Levels:
⢠Look for rejection around $0.2100-$0.2150 and target $0.1850 (key support level).
⢠Consider shorting if the price breaks below $0.1900 with strong volume.
Next Market Move:
⢠Bullish Scenario: A confirmed breakout above $0.2109 with strong volume can push the price to the next resistance zone at $0.2250-$0.2300.
⢠Bearish Scenario: A failure to hold $0.2000 support could lead to a retest of $0.1850, forming a potential double bottom for a reversal.
Advice:
Secure partial profits near resistance zones and trail your stop loss for risk management. Watch for volume confirmation to validate breakouts or breakdowns!
#GrayscaleSUITrust #USUALBullRun #BTCNextMove
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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