$VELODROME Short Liquidation Alert
A short liquidation of $2.3967K happened at $0.17941.
Let's dive into the next potential moves for this asset:
Current Price Analysis
Price Level: $0.17941
Trend: Positive momentum after short liquidation.
Buy Zone
Recommended Entry: $0.1700 - $0.1750
Reason: Solid support seen in this range. Price could bounce back from here.
Targets
Target 1: $0.1850
Target 2: $0.1900
Target 3: $0.2000 (strong resistance area)
Stop Loss
Suggested Level: $0.1650
Reason: Protect your position if the price falls below this support level.
Next Steps
1. Wait for price to pull back into the buy zone before entering a trade.
2. Watch for increasing volume as confirmation of buying interest.
3. Pay attention to resistance zones ($0.1850 and $0.1900) as they may slow upward movement.
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