$VELODROME | Current Price: 0.1837 (-2.9%)
Bullish Setup on the Horizon! ๐ฅ
$VELODROME is showing signs of strong momentum with a higher high-low structure, and after pulling back to the support zone, it's setting up for a potential breakout! Sellers are active at the resistance zone, but here's the plan:
๐ Key Entry Level:
If $VELODROME approaches the 0.175 level, we will set a long position, waiting for a confirmed candlestick pattern at that support zone. Our first target will be around 0.25 โ a solid 30% potential move from here. ๐
๐ Breakout Scenario:
If $VELODROME doesnโt dip to 0.175 and shows a breakout, weโll wait for the retest of the breakout zone before jumping in.
๐ What You Need to Know:
Keep an Eye on Resistance & Support: The $0.175 and $0.25 levels are crucial. Watch the price action closely for clear breakouts or reversals.
DYOR (Do Your Own Research): Crypto markets are volatile, so always stay informed, and make decisions based on solid analysis.
๐ก Trading Strategy:
For Long Position: Enter near 0.175 with confirmation; target 0.25 or higher.
For Breakout: Enter after a clean breakout and retest.
๐ฌ Crypto Market Insights:
Stay updated on crypto exchange announcements and industry leadersโ opinions.
Set clear goals, know your risk tolerance, and diversify your portfolio for long-term success.
Keep track of market developments to make informed decisions.
๐ Join the Binance Family!
Stay strong, stay smart, and let's ride this move together! ๐
"Hope this analysis helps! Feel free to ask any questions โ Iโm here to help!"
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