$VELODROME I will analyze the VELODROME/USDT chart and provide my insights:
1. Overview Analysis:
- Current price: 0.1917 (+2.79%)
- Stable trading volume
- Margin flow is active with a Long/Short ratio of 54.57
2. Technical Analysis:
Indicators:
- RSI(6): 61.10 - positive zone but not overbought
- MACD is giving positive signals with a gradually increasing histogram
- MA20 (0.1871) < MA50 (0.1820) - the trend is turning positive
- Bollinger Bands expanding upwards
3. Support/Resistance Levels:
- Resistance: 0.1977 (most recent peak)
- Dynamic resistance: 0.1928 (BB Upper)
- Support: 0.1660 (most recent bottom)
- Dynamic support: MA20 (0.1871)
4. Cash Flow Analysis:
- Large cash inflow in 5 days: +607,573 USDT (positive)
- Trading volume increases along with price rise
- OBV shows good accumulation
5. Trading Scenarios:
Scenario 1 (65% probability):
- Price continues to trend upwards testing the 0.20-0.21 range
- May have a slight pullback to MA20 (0.1871) before rising further
Scenario 2 (35% probability):
- Price corrects to test the 0.18-0.185 range
- Risk of deeper decline if this support is lost
6. Trading Recommendations:
Aggressive Strategy:
- Entry: Buy at the 0.185-0.187 range after pullback
- Stop loss: < 0.180
- Take profit 1: 0.20
- Take profit 2: 0.21
- R/R ratio: 1:2.5
Note:
- The trend is positive but risk management needs to be strict
- Pay attention to volume to confirm the trend
- Monitor the fluctuations of major cryptocurrencies that may have an impact
- Avoid FOMO buying at the current price range
- Wait for a pullback to find a better entry point