$VELODROME Heating Up! šŸšØšŸ”„

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. šŸ“ˆ

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Whatā€™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: $0.2050ā€“$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, itā€™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! šŸš€

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