$VELODROME
Analysis:
1. Short-Term Trend:
Neutral to Bullish: The +1.89% change reflects a slight recovery, but strong resistance at $0.2103 (MA60) must be cleared to confirm an uptrend.
2. Support and Resistance:
Support: At $0.1959 (24h low).
Resistance: At $0.2103 (MA60) and $0.2179 (24h high).
3. Trading Strategy:
For Traders:
Watch for a breakout above $0.2103 (MA60) for potential upside to $0.2179.
A pullback to $0.1959 could provide buying opportunities if support holds.
Risk Management: Set stop-loss below $0.1959 to limit downside exposure.
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