VELAS Ready for Takeoff : Bullish Breakout on the Horizon !
#Vela #VLX #BULLishWithBULL #Write2Earn! #BinanceSquareFamily
VELAS (VLX) is primed for a bullish breakout as the return of Alex Alexandrow revitalizes the project. A **falling wedge** pattern on the 1-hour chart signals a bullish reversal, offering a great entry point for traders and investors. With momentum shifting, VELAS is building pressure for a surge.
Key Analysis :
- Falling Wedge : A classic bullish reversal pattern shows breakout potential.
- Resistance Levels : Immediate resistance at **$0.01194**, with targets at **$0.014** and **$0.0166**.
- Support Levels : Strong support at **$0.01115** during potential pullbacks.
Technical Indicators :
- VMC Cipher B : Shows momentum divergence, signaling incoming buying pressure.
- RSI : Hovering at **44.7**, indicating an oversold condition, ready for a price rise.
- Stochastic Oscillator : Rebounding from **47**, suggesting bullish momentum is starting to pick up.
Trading Strategy :
- Entry Zone : Between **$0.0112 - $0.0115**, with a breakout buy if it surpasses **$0.01194**.
- Stop Loss : Below **$0.0108** to protect against sudden downside.
Conclusion :
VELAS is set for a bullish breakout, with technical indicators and leadership changes aligning for a potential surge. Keep an eye on the resistance at **$0.01194**âa breakout here could lead to quick gains.
Advice :
Build positions early and manage risk with a 1:3 risk-to-reward ratio. Donât miss out on this potential ride to higher levels!
