$VELODROME /USDT: Bullish Retracement Opportunity

1. Entry Point: $0.2020 (breakout above $0.2000 psychological resistance)

2. Take Profit Targets:

TP1: $0.2100

TP2: $0.2150

TP3: $0.2200

3. Stop Loss: $0.1940

4. Technical Insight: Price is consolidating above $0.1950 after a strong rally, showing potential for another breakout. A close above $0.2020 will confirm bullish momentum.

5. Trend Outlook: Short-term uptrend supported by increasing buy volume.

6. Risk-Reward Ratio: Optimal setup with over 1:3 ratio, ensuring solid profit potential.

7. Trailing Stop Suggestion: Move SL to $0.2000 once TP1 is reached for risk-free gains.

8. Volume Confirmation: Look for a spike in volume to validate the breakout.

9. Timeframe: Intraday to short-term trade, targeting momentum traders.

10. Note: Always manage risk, use stop losses, and secure partial profits at targets.

#CryptoTrading #VELODROMEUSDT #TradingSignals #Binance $VELODROME