$VELODROME /USDT Trading Signal - Testing Oversold Support

XRP
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0.09694
+0.90%

Current Price: $0.1348

$VELODROME /USDT is attempting to stabilize near the low of $0.1341, with resistance levels forming at EMA(7) ($0.1354) and EMA(25) ($0.1367). This presents opportunities for both breakout and continuation trades.

Short Entry:

Entry Range: $0.1350–$0.1360

Targets:

Target 1: $0.1340

Target 2: $0.1320

Target 3: $0.1300

Stop Loss: $0.1370

Long Entry:

Entry Range: $0.1345–$0.1355

Targets:

Target 1: $0.1365

Target 2: $0.1380

Target 3: $0.1400

Stop Loss: $0.1340

Observations:

EMA(99) at $0.1362 is a key level for reversal; a confirmed break above could push the price toward the $0.1400 zone.

Failing to hold $0.1340 could lead to further bearish continuation toward $0.1320 or lower.

Low volume suggests caution for breakout trades; confirm with volume spikes.

💡 Manage your trades carefully and adjust stop-losses based on price action.

#VELODROMEUSDT #BinanceSquareFamily #CryptoTrading