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mahira99prionty
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"Velodrome Technical Analysis of : Is the Rally Just Beginning?"
Velodrome ($VELODROME ) has caught the attention of traders with its recent price action, showcasing strong bullish momentum on the USDT trading pair. In this article, we’ll delve into the technical analysis of Velodrome/USDT on the 1-month timeframe, identifying key levels, market trends, and potential trading strategies.

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Market Overview

Velodrome is currently trading at $0.2036, marking a 4.79% increase in the past 24 hours. The price has moved from a low of $0.1484 to a high of $0.2161, highlighting substantial buying pressure. With a 24-hour trading volume of 221.26M VELO and 45.01M USDT, the market activity indicates growing interest among traders.

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Analyzing the Price Action

1. Strong Bullish Momentum:
The price formed a large bullish candle on the 1-month chart, suggesting a significant upward push after a possible accumulation phase. This movement could mark the beginning of a new uptrend, especially if key resistance levels are breached.

2. Key Support and Resistance Levels:

Support Levels:

$0.1484: The recent low where buyers stepped in to push the price higher.

$0.1925: A potential intermediate support level if the price experiences a pullback.

Resistance Levels:

$0.2161: The recent high acting as a resistance zone.

$0.2243: The next target for bullish continuation.

$0.3121: A significant long-term resistance level if the rally gains more momentum.

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Volume and Market Sentiment

The high 24-hour trading volume suggests growing participation from both institutional and retail traders. Sustained high volume typically supports further price increases, but traders should monitor for potential volume drops, which could signal weakening momentum.

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Trading Opportunities

Bullish Scenario:

If Velodrome breaks above the $0.2161 resistance, traders can look for long positions targeting $0.2243 and eventually $0.3121.

A bullish continuation is more likely if the breakout is accompanied by increasing volume and strong candlestick formations.

Retracement Opportunity:

A pullback to the support levels at $0.1925 or $0.1484 could offer a better risk-reward entry for buyers.

Watch for signs of consolidation or reversal patterns at these levels before entering long positions.

Bearish Reversal Risk:

Failure to sustain above $0.2036 could lead to a deeper correction toward $0.1364, making it crucial for traders to manage their risks.

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Suggested Trading Strategies

1. For Long Positions:

Enter on a confirmed breakout above $0.2161 or on a retracement to $0.1925.

Place a stop-loss below $0.1484 to protect against downside risks.

Set profit targets at $0.2243 and $0.3121.

2. For Short Positions:

If the price fails to sustain above $0.2036, consider shorting with targets at $0.1925 or $0.1484.

Use a stop-loss just above $0.2161 to manage risk.

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Conclusion

Velodrome’s recent price action highlights its potential for a sustained rally, but traders should stay cautious and watch key levels closely. Whether you're looking to ride the bullish momentum or capitalize on retracements, proper risk management and volume analysis are essential for success.

With the market showing strong interest in Velodrome, the question remains: is this the beginning of a major breakout, or will the rally face resistance? Stay tuned to the charts, and trade wisely.
#Write2Earn #write2earn!
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Coinaute
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💥BREAKING🚨: BlacRock sold $188.7 MILLION worth of $BTC yesterday...😱💸
The questions arise:

Why are they doing this? and What will happen to BTC?

This is the biggest sell-off EVER

I spent ~10 hours researching all the data: Here is why u should worried🧵👇

We put a lot of research and work into this thread before reading it.🙏 🚨

Very Important 🚨 Please follow @Coinaute e and 🩷Like + Comment and ✅ Share #binance #MarketDownturn
1/➫ One more thing, I know that many don't have money to invest so...
❍ I want to help u and giveaway 1 ETH ($3,500) to one random follower
❍ Follow @Coinaute and 🩷Like + Comment and ✅ Share This post
Thanks for supporting me.
2/➫ Not long ago, BlackRock transferred 100k BTC to 29 other wallets

❍ Yesterday, BlackRock sold $188.7M worth of $BTC

❍ This leads to 2 possible scenarios:

- Fix profits
- Manipulation

I did research to understand the essence of the situation fully

Here is what is going to happen:

3/➫ Fixing Profits

❍ Let’s be honest, this scenario is quite likely, no matter how much ppl don’t want it to be

❍ BlackRock bought with an avg buy price of ~$50k–$60k

❍ This means BlackRock's profit is roughly ~2x

❍ However, after my research, I realized the following
4/➫ This situation is very reminiscent of the $9B Mt. Gox and Germany $BTC dump

❍ It sent BTC from $70k down to $50k

❍ But anyone who understands the market realizes that $20B in daily exchange volume can’t cause such a significant drop just from $9B

Let me explain more👇
5/➫ The dump didn’t happen because Mt. Gox and Germany were selling

❍ It happened cause of the reaction and panic from retails who rushed to sell along with them

❍ And BlackRock plans to intentionally create a similar situation

6/➫ Why do I think so?

❍ Situation couldn’t be more perfect cause retails have strongly believed in crypto, and the bull run

❍ Many have started investing at ATH in high-cap alts like $XRP, etc

❍ That’s why this is the perfect time to shake out paper hands
7/➫ That’s why it’s crucial to carefully plan every move right now, as the market is highly volatile

❍ In such moments, you can lose a significant % of your profit/portfolio

❍ If you’re unaware of this, here’s my research on the current market:
8/➫ At the moment, my recommendation is to stay out of the market, especially if you already have a position

❍ This isn’t the best time to enter the market

❍ The best thing you can do rn is simply hold or gradually take profits, depending on your R/R
9/➫ To fully understand the seriousness of the situation, you need to realize the following:

❍ BlackRock has two to three times more influence than Mt. Gox and Germany combined

❍ This is precisely why staying on the sidelines and watching what happens is better

We put a lot of research and work into this thread before reading it.🙏 🚨

Very Important 🚨 Please follow @Coinaute e and 🩷Like + Comment and ✅ Share #binance #MarketDownturn
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Analysto
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What I Learned from Buying $1 Worth of Crypto Every Night for 30 Days (Part 1)
For the last 30 days, I’ve been buying $1 worth of cryptocurrency every night at 9 PM. I didn’t expect to get rich, but I wanted to see what would happen if I followed a simple routine of buying one different coin each night. By the end of the month, I had bought 30 different cryptocurrencies. Here’s what I learned from this experiment.
The Plan: $1 a Night, 30 Different Cryptos
The idea was simple: every night, I would spend $1 on a different cryptocurrency. I thought that by buying many coins, I would reduce risk and protect myself from big losses. This would also give me a chance to learn more about the world of crypto investing without spending too much money.
But things didn’t go exactly as planned.
Crypto Prices Move Up and Down Quickly
One of the first things I noticed was how fast crypto prices change. Some nights, the coin I bought would go up by 10% or more overnight. Other nights, it would drop by 10% or more. The price swings were huge, and I often found myself checking my portfolio more than I expected.
Even though I was buying a variety of coins, my portfolio was still very volatile. In fact, the market seemed to move in big waves. When one coin dropped in price, others followed. I realized that crypto is much more unpredictable than I thought.
Diversification Doesn’t Always Protect You
I believed that by buying 30 different cryptocurrencies, I was spreading my risk and protecting myself from big losses. But that wasn’t always the case.
Sometimes, when the market as a whole dropped, almost all the coins in my portfolio went down. Even though each coin had its own story, they all seemed to react the same way when the market turned negative.
At times, a few coins did well, but they weren’t enough to make up for the bigger losses. So, while diversification can help, it didn’t shield me from the ups and downs of the crypto world.
Timing Matters More Than You Think
Buying $1 worth of crypto at the same time every night was simple, but it didn’t always work out. The price of cryptocurrencies can change quickly, and sometimes I bought at the wrong moment.
If I had paid attention to market trends or used a smarter buying strategy, I could have made better decisions about when to invest. Timing in crypto is very important. Some days I’d get lucky and catch a coin at a good price, while other days I’d see my coins lose value almost immediately.
Learning About the Coins
One surprising benefit of this experiment was learning more about the different cryptocurrencies. Every night, I would spend some time reading about the coins I was buying. I learned about their goals, who was behind them, and what problems they were trying to solve.
While some coins seemed promising, others felt more like a gamble. This research gave me a deeper understanding of the crypto space and helped me think about what I might want to invest in long-term.
The Stress of Watching Prices Change
I didn’t expect how stressful it would be to watch my portfolio change every day. Some nights, I would feel excited when a coin went up in value. Other nights, I would feel frustrated when a coin dropped.
It made me realize how easy it is to get caught up in the emotions of crypto investing. The key takeaway? It's important to stay calm and not make decisions based on short-term changes. The price of crypto can move in wild swings, and it’s easy to feel overwhelmed if you’re not careful.
What’s Next?
After 30 days, I’ve learned a lot about how crypto markets work. In Part 2 of this series, I’ll go into more detail about the specific coins I bought and share how my portfolio has performed.
For now, it’s clear that the crypto world is far more unpredictable than I thought. Diversification doesn’t always protect you, and timing your buys can make a big difference.
FOLLOW for Part 2, where I’ll go deeper into the results and share my thoughts on the next steps for my crypto investments.
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