$VELODROME /USDT Trade Setup: Long and Short Opportunities

Current Price: $0.2556

24H High: $0.2575 | 24H Low: $0.2313

Volume: 218.12M ($VELODROME ) | 53.27M (USDT)

Long Trade Setup šŸŽÆ

Entry Zone: $0.2520 - $0.2560

Targets:

1. $0.2720

2. $0.2880

3. $0.3120

Stop Loss: Below $0.2310

Rationale:

$VELODROME shows signs of recovery after consolidation, with steady buying pressure. A breakout above $0.2575 (24H High) could lead to a sustained uptrend.

Short Trade Setup šŸ“‰

Entry Zone: $0.2550 - $0.2580

Targets:

1. $0.2400

2. $0.2240

3. $0.2050

Stop Loss: Above $0.2650

Rationale:

Failure to break and hold above resistance at $0.2575 may result in a rejection, pulling price back to previous support levels around $0.2400.

Market Insights:

A breakout or rejection at $0.2575** will dictate the direction. Monitor volume and candlestick patterns for confirmation.

Manage risk with appropriate stop losses to avoid excessive downside.

#Velodrome #CryptoSignals #LongShortSetup #TradingStrategy #BinanceSquareFamily