$VELODROME VELODROME/USDT Trading Signal - Steady Downtrend, Testing Support

Current Price: $0.1677

EMA Trends:

EMA(7): $0.1731

EMA(25): $0.1779

EMA(99): $0.1800

Observation:

VELODROME/USDT has declined by 9.60% in the last session, hitting a 24-hour low of $0.1660. The price is below all major EMAs, signaling strong bearish momentum. A recovery above EMA(7) is required for short-term stabilization.

Potential Strategy:

Entry Range: $0.1660 - $0.1700

Targets:

Target 1: $0.1730 (EMA(7) Retest)

Target 2: $0.1770 (EMA(25) Retest)

Stop Loss: $0.1620

Key Insights:

If VELODROME/USDT holds above $0.1660, it may attempt a rebound toward EMA levels. Look for increasing volume to confirm recovery. Secure partial profits at $0.1730 and adjust stop-loss to breakeven once the price reaches Target 1. A break below $0.1620 could trigger further downside.

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