$VELODROME /USDT Trading Signal - Testing Oversold Support
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.