🚀 $VELODROME /USDT: TESTING KEY LEVELS – BREAKOUT WATCH! ⚡
The $VELO/USDT pair is currently trading at 0.1841, hovering near crucial support and resistance zones. Traders should monitor these levels for signs of a breakout or pullback.
📊 Trade Scenarios:
Entry Point: 0.1841
Take Profit (TP 1): 0.1900
Take Profit (TP 2): 0.2000
Take Profit (TP 3): 0.2150
Stop Loss (SL): 0.1750
Support is established at 0.1750, while resistance is at 0.1900. A breakout above 0.1900 could push prices toward 0.2000 and 0.2150. On the downside, a drop below 0.1750 may signal bearish pressure.
📉 Market Outlook:
VELO is consolidating above 0.1750 support, and holding this level could lead to an upward move toward 0.1900 and higher. A breakout above 0.1900 confirms bullish momentum, while failure to hold 0.1750 might indicate a retracement.
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