$VELODROME Heating Up! 🚨🔥
A short liquidation of $10,114 just happened at $0.20826, signaling bear pressure easing as sellers are forced out. This could ignite a bullish breakout if momentum continues to build! Here's how you can make the most of this move. 📈
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What’s Happening?
Short liquidations mean bears are exiting their positions, which often leads to a price surge.
If bulls gain control, $VELODROME could see strong upward movement.
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Plan for Entry (Buy Zone):
Buy Zone: $0.2050–$0.2080
Look for price consolidation or bullish confirmation in this range before entering.
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Targets:
Target 1: $0.2150
Target 2: $0.2250
Target 3: $0.2400 (if momentum stays strong).
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Stop-Loss:
Set Stop-Loss: $0.2020
This will limit your risk in case the trend reverses.
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Key Indicators to Watch:
1. Volume Spike: Increased volume above $0.20826 confirms buyers stepping in.
2. Resistance Levels: Watch for selling pressure near $0.2150; a breakout here could fuel a rally.
3. Support Levels: If $0.2050 holds, it’s a strong signal that bulls are defending the zone.
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Next Steps:
If $VELODROME breaks above $0.2150 with strong momentum, FOMO buyers could push it toward $0.2400.
Stay cautious if it drops below $0.2020, as it might signal bearish continuation.
Stay sharp, follow your strategy, and trade with confidence! 🚀
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