$VELODROME

/USDT Technical Analysis & Trade Signals

Current Price: $0.1706

Momentum: Mild bearish

Trade Signals

1. Support Levels:

Primary: $0.1694 (strong support, potential rebound zone)

Secondary: $0.1650

2. Resistance Levels:

Primary: $0.1751 (short-term resistance)

Secondary: $0.1800 (key breakout point)

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Targets 🎯

1. Target 1: $0.1750 (near resistance, short-term recovery)

2. Target 2: $0.1800 (potential breakout zone)

3. Target 3: $0.1850 (high probability if bullish momentum strengthens)

Trade Momentum

Short-Term: Mild bearish; wait for confirmation near $0.1694 for a potential bounce.

Mid-Term: Neutral; sideways movement likely between $0.1694–$0.1751.

Long-Term: Bullish if $0.1800 is breached with volume.

Recommendation

Buy Zone: $0.1694–$0.1700

Stop Loss: $0.1670

Take Profit: Based on the targets above.

Monitor the momentum and volume for confirmation of trends.

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