$VELODROME /USDT: Strong Support Holding After a Sharp Dip – Bullish Move Possible!🔥🔥🚀💯

$VELODROME /USDT has established a strong support near $0.2313 after a sharp decline, indicating bullish strength. The price surged to $0.2550, facing short-term resistance and forming a retracement. Key levels for a long entry strategy are outlined below:

• Entry Zone: $0.2470 - $0.2490

• Targets: $0.2550 / $0.2630 / $0.2700

• Stop Loss: Below $0.2400

Support: $0.2313 acts as a solid base; a break below could turn the trend bearish.

Resistance: Immediate resistance is at $0.2550, with a breakout potentially triggering the next upward leg.

The market shows bullish potential as buyers are holding above support. Short-term traders can aim for quick profits near the resistance, while long-term targets remain achievable if volume increases. A decisive close above $0.2550 could confirm a bullish breakout, signaling further upward momentum. Watch for volume confirmation to validate this move.

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