$VELODROME has recently entered the market and shows potential for a short-term surge. Key Fibonacci retracement levels indicate critical price points for possible upward movement. If buying momentum increases, watch levels like 0.382 and 0.618 as targets for gains. Keep an eye on volume and market sentiment to confirm trends. This new token could present an opportunity for quick trades, but stay cautious of volatility and set stop-loss levels accordingly.