Here's the detailed professional trading analysis for VELODROME/USDT based on the provided chart:
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Trading Analysis: VELODROME/USDT
Long Position 📈
Entry Zone: $0.1720 – $0.1730
Target 1: $0.1750
Target 2: $0.1780
Stop Loss: $0.1690
Short Position 📉
Entry Zone: $0.1750 – $0.1760
Target 1: $0.1710
Target 2: $0.1680
Stop Loss: $0.1785
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Market Observation
The price is attempting a rebound after testing support near $0.1650.
A bullish breakout above $0.1730 could indicate further upward momentum.
A rejection near $0.1750 could lead to short opportunities with targets near the previous support zones.
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Visualization with Targets and Levels
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