$VELODROME

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1. Technical Analysis

Price Action:

Current price: 0.17566 USDT, up +3.02%.

Recent high: 0.18220 USDT.

Recent low: 0.17301 USDT.

Moving Averages (MAs):

MA(7): 0.17502 USDT

MA(25): 0.17790 USDT

MA(99): 0.17761 USDT

The price is below MA(25) and MA(99), indicating short-term bearish momentum, but it's slightly recovering above MA(7), showing a potential short-term reversal.

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2. Indicators Interpretation

MACD:

DIF: -0.00103

DEA: -0.00085

Histogram: -0.00018

Bearish divergence, but histogram shows decreasing red bars, hinting at a potential crossover.

RSI(6): 45.28

Indicates a neutral zone, with no clear overbought or oversold signal.

Stochastic (K/D):

K: 41.31

D: 35.09

This suggests a slow climb, but momentum is still weak.

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3. Trend Prediction

Short-Term: Neutral with slight bullish bias.

Medium-Term: Downtrend if price stays below MA(25) and MA(99).

Long-Term: Bearish unless recovery above 0.18220 occurs.

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4. Risk Management

Position Sizing: Use 1–2% of your total capital for this trade to manage risk.

Stop-Loss (SL): Always place SL to prevent high losses.

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5. Trade Strategy Development

Long Position

Entry: 0.17500 USDT (current price zone)

Take-Profit (TP):

First TP: 0.17850 USDT

Second TP: 0.18220 USDT

Stop-Loss (SL): 0.17300 USDT

Duration: 1–2 days for a short-term trade.

Short Position

Entry: 0.17650 USDT (after rejection from resistance)

Take-Profit (TP):

First TP: 0.17350 USDT

Second TP: 0.17000 USDT

Stop-Loss (SL): 0.17850 USDT

Duration: Intraday or scalping.

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6. Scalping Strategy

Entry:

Long: 0.17500 USDT

Short: 0.17650 USDT

TP: 0.002–0.003 USDT moves above/below entry.

SL: Tight, 0.0015 USDT above/below entry.

Duration: 5–15 minutes per trade.

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7. Intraday Strategy

Entry (Long): 0.17400–0.17500 USDT

TP: 0.17800–0.18000 USDT

SL: 0.17200 USDT

Duration: 4–6 hours.

Entry (Short): 0.17650–0.17750 USDT

TP: 0.17300–0.17150 USDT

SL: 0.17900 USDT

Duration: 4–6 hours.

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8. Long-Term Strategy

Entry: 0.17350 USDT (if price revisits support)

TP:

First Target: 0.18200 USDT

Second Target: 0.19000 USDT

SL: 0.17000 USDT

Duration: 1–2 weeks.

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9. Pattern Analysis

The chart suggests no clear pattern yet, but watch for these possibilities:

Bullish Flag: Break above 0.17850 USDT.

Double Bottom: Forming near 0.17300 USDT for a reversal.

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10. Disclaimer

Past performance is not indicative of future results.

This analysis is for educational purposes only. Please conduct your own research (DYOR).

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11. Final Opinion

Favorable Position: A long trade if price holds above 0.17500 USDT and shows volume support.

Bearish Scenario: Short if rejection occurs near MA(25) or 0.17750 USDT.

Key Focus:

Watch for volume spikes and potential MACD crossover for confirmation.

Avoid over-leveraging; use low-risk entries.

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