🎯 $VELODROME

/USDT Technical Analysis on Binance 🎯

📉 Current Price: $0.2292 (-6.30%)

VELODROME is experiencing a downward trend, but opportunities may emerge as it approaches key levels. Here’s the breakdown with 3 potential targets for traders:

📊 Key Levels to Watch:

1️⃣ Target 1 (Support): $0.2260

This level aligns with the recent 24H low. If the price holds, it may serve as a short-term bounce point for buyers.

2️⃣ Target 2 (Resistance): $0.2450

A strong recovery level where sellers may re-enter. Breaking this could indicate bullish momentum building up.

3️⃣ Target 3 (Breakout): $0.2600

A breakout above this key resistance could trigger a significant upward move, marking a return to bullish territory.

💡 Trading Tip:

Risk Management: Use stop-loss orders near $0.2200 to limit downside risk.

Indicators to Watch: RSI is nearing oversold territory, signaling a potential reversal.

Stay tuned to Binance for real-time updates and trade smarter!

Let me know if you’d like further refinements.