$VELODROME /USDT - Bullish Momentum Confirmed!🔥💯
Current Price: $0.1884 (+4.55%)
Analysis: The recent breakout above the consolidation zone confirms a bullish trend. The price action shows strong upward momentum on the 15-minute chart, with consistent higher highs and higher lows.
Target Levels:
• Short-Term: $0.1920
• Mid-Term: $0.1980
Stop Loss: Place a stop loss at $0.1825 to manage downside risk.
Advice:
• Partial Profit Booking: Secure gains at $0.1920 to reduce exposure and maximize profitability.
• Position Management: Monitor key resistance levels and trailing stop losses to lock in profits as the trend unfolds.
Next Steps: Keep an eye on volume for confirmation of sustained momentum. A clean break above $0.1920 could pave the way for the next leg up.
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