$VELODROME /USDT Technical Analysis & Trade Signals
Current Price: $0.2593
24h Change: +74.73%
Technical Indicators
Moving Averages:
Short-term MA (10 EMA): Bullish
Mid-term MA (50 SMA): Crossed upward, indicating strong upward momentum.
RSI (Relative Strength Index):
Currently at 82, indicating overbought conditions but with potential for continuation in a trending market.
MACD (Moving Average Convergence Divergence):
Positive crossover observed, signaling bullish momentum.
Support and Resistance Levels
Support Levels:
S1: $0.2100 (Previous consolidation zone)
S2: $0.1484 (24h Low)
Resistance Levels:
R1: $0.3000 (Psychological level and minor resistance)
R2: $0.3500 (Intermediate resistance zone)
R3: $0.3880 (24h High and strong resistance)
Trade Setup and Signals
Momentum: Bullish (Strong volume and price action)
Entry Zone:
Buy: Between $0.2400–$0.2600 (After a minor pullback)
Targets:
🎯 Target 1 (T1): $0.3000
🎯 Target 2 (T2): $0.3500
🎯 Target 3 (T3): $0.3880
Stop-Loss:
Place a stop-loss below $0.2100 (to minimize downside risk).
Risk Management:
Position size: 1–3% of your portfolio.
Watch for potential retracement if the RSI remains overbought for an extended period.
Recommendation:
If VELODROME sustains above $0.3000 with strong volume, consider trailing your stop-loss for maximizing gains. Otherwise, take profits gradually at each target level.