$VELODROME /USDT Trade Signal: Consolidation Breakout
Entry Zone: $0.2000 - $0.2050
Target 1 (TP1): $0.2100
Target 2 (TP2): $0.2150
Target 3 (TP3): $0.2200
Stop Loss (SL): $0.1950
Analysis:
VELODROME/USDT is trading within a tight consolidation range, signaling potential for an imminent breakout.
A strong move above $0.2050 could trigger upward momentum.
Ideal for short-term trades with a favorable risk-reward ratio.
Trade Management:
Secure partial profits at TP1 to manage risk.
Move SL to breakeven after TP1 is hit.
Monitor volume for confirmation of breakout sustainability.