$VELODROME /USDT Technical Analysis š
Current Price: VELODROME/USDT is trading at $0.1975, showing a -12.38% drop in the last 24 hours but has begun forming a potential recovery pattern.
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Next Potential Targets:
1. Target 1: $0.2050 - Immediate resistance level and short-term breakout zone.
2. Target 2: $0.2200 - A key resistance level and a potential area for profit-taking.
3. Target 3: $0.2400 - Long-term resistance, signaling a bullish continuation if breached.
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Strategy
Secure partial profits near $0.2050 to lock in short-term gains.
Adjust your stop loss to $0.1900 to mitigate downside risks.
Watch for sustained buying momentum above $0.2200, targeting further gains toward $0.2400.
š The volume suggests a gradual recovery, but traders should remain cautious at resistance levels.