$VELODROME /USDT - Upside momentum confirmed! 🔥💯
Current price: $0.1884 (+4.55%)
Analysis: The recent break above the consolidation zone confirms the upside. The price action shows strong bullish momentum on the 15-minute chart, with consistent higher highs and lower highs.
Target levels:
• Short-term: $0.1920
• Medium-term: $0.1980
Stop loss: Place a stop loss at $0.1825 to manage downside risk.
Tips:
• Partial profit booking: Lock in gains at $0.1920 to reduce exposure and increase profitability.
• Position management: Monitor key resistance levels and trailing stop losses to lock in profits as the trend develops.
Next steps: Monitor volume to confirm sustained momentum. Pave may pave way for a clean break above $0.1920 for the next leg.