$VELODROME /USDT: Gradual Momentum with Tight Scalping Targets
$VELODROME /USDT is trading at $0.1857, showing a 4.74% gain over the last 24 hours, with a 24-hour high of $0.1921. The RSI at 80.73 indicates strong upward momentum but is nearing overbought territory. Enter near $0.1855 for a short-term trade, with scalping targets at TP1: $0.1870, TP2: $0.1885, and TP3: $0.1900. Set a stop loss at $0.1830 to manage risk effectively.
This setup focuses on capturing small, consistent gains as the price builds momentum. Secure partial profits at each target and closely watch for potential consolidation or reversal near the resistance zone at $0.1921. This trade is ideal for scalpers looking to capitalize on the current trend with minimal risk exposure.