$VELODROME /USDT Update – Bullish Trend Building Momentum

Price Action: $VELODROME/USDT is trading at $0.1914 (+6.51%), nearing its 24h high of $0.2011 after a low of $0.1775.

Entry Suggestion:

Enter Long: Near $0.1900-$0.1920 on pullbacks for bullish continuation.

Targets:

Short-Term Target: $0.2000

Next Target: $0.2100

Stop Loss:

Place a stop loss below $0.1850 to manage downside risk.

With MA(7) slightly above MA(25), the bullish momentum remains intact. A breakout above $0.2000 could push prices toward $0.2100. However, failure to hold $0.1900 may lead to a retracement. Monitor for volume and confirmation.

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