$VELODROME

/USDT Technical Analysis & Strategy📊📈🎯

Current Price: 0.1971 USDT

24h Change: -2.57%

📊 24h High: 0.2072 USDT

📉 24h Low: 0.1815 USDT

💹 Volume: 157.09M VELODROME / 30.14M USDT

🌐 Sector: DeFi

Key Levels to Watch

🎯 Target 1: 0.20 USDT

Watch for a potential bounce or recovery to this psychological level, just below the 24h high.

🎯 Target 2: 0.21 USDT

A breakout above 0.20 would target the 0.21 resistance zone, near the 24h high.

🎯 Target 3: 0.22 USDT

If bullish momentum continues, 0.22 could be the next area of resistance to aim for.

Entry & Stop

📈 Entry: 0.1971 USDT (price at a pullback with potential for a recovery)

🛑 Stop Loss: 0.185 USDT (below the 24h low to protect against further downside)

Pro Tip:

Look for signs of recovery from the 0.1815 low and monitor volume for confirmation. If momentum picks up, a return to 0.20 and beyond is likely. Keep an eye on RSI for oversold conditions as a potential buying signal.

Ready for potential recovery? Stay sharp and manage your risk!

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