Analysis and Signal for $VELODROME /USDT on Binance

Analysis:

Current Price: $0.2030 (+8.09%)

24h Range: $0.1819 - $0.2313

The price has shown a strong recovery from $0.1815, testing a high of $0.2313.

The retracement to $0.1973 indicates healthy consolidation, with current support near $0.1970 and resistance at $0.2310.

Trading Signal:

Entry Point: $0.2030

Target (TP1): $0.2200

Target (TP2): $0.2300

Stop Loss (SL): $0.1950

Strategy:

Consider securing partial profits at $0.2200 (TP1) and holding the rest toward $0.2300 (TP2).

If price breaks above $0.2310 with strong volume, the next resistance to watch is $0.2400.

Disclaimer: Always conduct your own research before trading and manage your risks appropriately.

#CryptoTrading #VELD #USDT #TradingSignals $VELODROME