#BitcoinTurns16 #BinanceAlphaAlert #CryptoReboundStrategy

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🚀 $BNB VELODROME/USDT Trading Analysis Report (1-Hour Chart)

Current Price: $0.1748

24H Range: $0.1676 - $0.1834

Volume: 67.95M VELODROME

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📈 Long Trade Setup

Entry Level: $0.1750

Target 1: $0.1780

Target 2: $0.1820

Stop Loss: $0.1715

Reasoning:

Strong support observed near $0.1676 (24H low).

Positive bounce potential from the $0.1720-$0.1750 zone.

Bullish momentum expected if price reclaims $0.1750 with volume.

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📉 Short Trade Setup

Entry Level: $0.1740

Target 1: $0.1705

Target 2: $0.1680

Stop Loss: $0.1770

Reasoning:

Price failed to sustain above $0.1760 resistance.

Bearish candlestick pattern indicates downward momentum.

Higher risk of revisiting $0.1676 (24H low) if the breakdown occurs.

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⚠️ Key Levels to Watch:

Resistance: $0.1760, $0.1820

Support: $0.1720, $0.1676

📊 Recommendation:

Long positions above $0.1750 with targets near $0.1820.

Short positions below $0.1740 with a potential drop to $0.1680.

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Visual Representation:

I will now generate an image for better clarity. One moment, please!