🚨 VELODROME/USDT EXPLOSION: CRITICAL LEVELS TO WATCH NOW! 🚨
VELODROME/USDT has surged an astonishing 78.44%, climbing from its 24-hour low of $0.1484 to its current level at $0.2648, with a high of $0.3880. The price action is showing strong bullish momentum, but key levels demand attention to manage trades wisely.
Key Levels to Watch:
Resistance: $0.3880 – A breakout above this level could trigger further gains toward $0.4500 or higher, backed by rising volume.
Support: $0.2360 – Holding this level is crucial to maintain bullish momentum. A dip below might lead to retests of $0.2000 or lower.
Entry Strategies:
Long-Term Entry:
Entry Point: Above $0.2700 (upon confirmation of sustained breakout).
Targets: $0.3000, $0.3500.
Stop Loss: Below $0.2360 to minimize risk.
Short-Term Entry:
Entry Point: Near $0.2500 (on retracement).
Targets: $0.2750, $0.2880.
Stop Loss: Below $0.2400 to avoid a breakdown.
Risk Note:
The EMA(99) at $0.2519 indicates bullish momentum, but monitor closely as high volatility persists. A failure to sustain above $0.2700 may lead to sharp reversals.
Trade wisely and manage risks as the market shows signs of further breakout potential!
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