$VELODROME /USDT - DeFi Token Poised for Breakout!

Current Price: $0.1749 (+5.30%)

24H Volume: 69.47M

Trading Setup for $VELODROME/USDT

Entry Range: $0.1720 - $0.1760 (Accumulation Zone)

Targets:

Target 1: $0.1800 (Immediate resistance)

Target 2: $0.1850 (Mid-term breakout target)

Target 3: $0.1900 (Major bullish milestone)

Stop Loss: $0.1680

Market Insights

Bullish Momentum: $VELODROME has risen over 5% today, fueled by interest in DeFi tokens.

Strong Volume: With a 24-hour trading volume of 69.47M, the token demonstrates robust market activity.

Support Levels: The $0.1720 level acts as a strong support zone, offering a good entry point for traders.

Strategy Recommendation

1️⃣ Monitor Resistance Levels: Watch closely for a breakout above $0.1800, which could signal the next upward move.

2️⃣ Take Partial Profits: Secure gains incrementally at each target level to minimize risk.

3️⃣ Set Stop Loss: Place a stop loss at $0.1680 to manage downside exposure effectively.

📢 Stay updated for further developments as $VELODROME continues its upward trajectory in the DeFi market!

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