$VELODROME
TECHNICAL ANALYSIS:
1. Trend analysis:
- The price is in a sideways trend within the range of 0.196-0.204 in the last 4 hours
- MA20, MA50, and MA100 are all trending downward, indicating that the downtrend has not yet ended
- Bollinger Bands are narrowing, indicating accumulation and a potential breakout
2. Volume analysis:
- Average trading volume in the last 4 hours is about 150-200K VELO
- The buying/selling ratio is quite balanced (45-55%)
- CMF20 is negative (-0.22), indicating that selling pressure is still dominant
3. Momentum analysis:
- RSI is in the range of 40-45, indicating that the downward momentum is slowing down
- MACD is showing signs of bottoming out and trending upwards
- MFI is in the oversold range (30-35)
FORECAST SCENARIOS (4-24H):
Scenario 1 (probability 60%): Sideways and accumulation
- Price fluctuates in the range of 0.195-0.205
- Volume maintains at average levels
- Confirmation signs: RSI and MACD continue to move sideways
Scenario 2 (probability 30%): Breakout upwards
- Price surpasses 0.205 with strong volume increase
- Target: 0.215 (+5%)
- Confirmation signs: Volume spikes, RSI exceeds 60
Scenario 3 (probability 10%): Breakout downwards
- Price breaks below 0.195 with increased volume
- Target: 0.185 (-5%)
- Confirmation signs: Volume spikes with RSI below 30
TRADING RECOMMENDATIONS:
1. Long/Short:
- Do not open new positions as the market is accumulating
- Wait for a clear breakout with volume to confirm the trend
2. Entry points:
- Long: > 0.205 with volume > 500K VELO/4h
- Short: < 0.195 with volume > 500K VELO/4h
3. Risk management:
- Stop loss: 2-3% from the entry point
- Minimum Risk/Reward ratio of 1:2
- Only trade 30-50% of capital due to potential high volatility
Note: This analysis is for reference only; investors should be cautious and have a suitable risk management strategy.