$VELODROME

/USDT Bull Run Momentum Update Alert 💥 💯 📈

Price: $0.1931 (-1.78%)

24h Change: +8.12%

24h High: $0.1977

24h Low: $0.1732

24h Volume (VELODROME): 104.81M

24h Volume (USDT): $19.32M

Market Segment: DeFi

Technical Analysis (30m Timeframe)

Resistance Levels:

Immediate Resistance: $0.1977 (24h high)

Next Resistance: $0.2000

Support Levels:

Immediate Support: $0.1900

Next Support: $0.1800

Indicators:

Moving Averages: Price is slightly below the 20 EMA, signaling a potential mild bearish correction in the short term.

MACD: Negative crossover, indicating weakening momentum.

RSI: 57 (neutral, with potential for either bullish or bearish movement).

Bollinger Bands: Price has tested the lower band, signaling potential for a rebound or further consolidation.

Trade Signal

Momentum: Neutral-to-Bearish

Entry Point: $0.1900 - $0.1920

Target Levels 🎯:

1. Target 1: $0.1977

2. Target 2: $0.2000

3. Target 3: $0.2050

Stop Loss: $0.1800

Trade Strategy:

Short-Term: Consider taking profits at Target 1, especially if the price tests resistance at $0.1977.

Mid-Term: Hold for Target 2 or 3 if bullish momentum resumes after consolidation.

Risk Management: Protect capital with a stop-loss at $0.1800 if the price breaks below key support.

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