VELODROME/USDT Technical Analysis: Buy & Sell Targets, Entry Points, Stop Limit & Pro Tip 馃幆
Current Price: 0.1731
Key Trading Levels:
Buy Target 1: 0.1800
Buy Target 2: 0.1900
Buy Target 3: 0.2000
Sell Target 1: 0.2100
Sell Target 2: 0.2200
Sell Target 3: 0.2300
Entry Point:
Buy Entry: 0.1700 (Wait for confirmation around this level)
Stop Limit:
Stop Loss: 0.1600 (Manage risk in case of further downward movement)
Take Profit: 0.2300 (Lock in profits when price reaches this level)
Pro Tip:
If the price holds above 0.1800, it could signal potential bullish momentum toward 0.2100. However, if the price dips below 0.1600, it may indicate continued bearish pressure, so use stop limits to minimize losses.
Market Sentiment:
Market Direction: Downtrend
Selling pressure is dominant, but a reversal may be possible near the current support levels. Monitor volume and price action closely to confirm potential recovery.
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