What’s Next for Traders?
Spot Trading Strategy:
Entry Zone: Accumulate near $0.1650, ideally after confirming stability at this support level.
Indicators to Watch:
RSI: Monitor for oversold conditions (~30) or signs of a trend reversal.
MACD: Wait for a bullish crossover to confirm upward momentum.
Targets:
Short-Term: $0.2000 (~21% gain).
Mid-Term: $0.2300 (~39% gain) if buying pressure sustains.
Stop-Loss: Place below $0.1550 to limit downside risks.
Futures Trading Strategy:
Leverage: Use 10x leverage only if confident in analysis and market conditions.
Entry Confirmation: Enter near $0.1650 on confirmation of a bullish reversal, e.g., a bullish engulfing candlestick on the 4-hour chart.
Targets:
Short-Term: $0.2000; secure partial profits.
Mid-Term: $0.2300; for aggressive traders if $0.2000 breaks convincingly.
Stop-Loss: Set at $0.1550 to cap potential losses.
Market Outlook:
Upside Potential:
A rally to $0.2000 (~21% gain) is plausible with current consolidation.
Breaking $0.2000 could fuel a move to $0.2300 (~39% gain).
Downside Risks:
Losing support at $0.1650 could lead to a retest of $0.1500, invalidating the bullish scenario.
Broader Sentiment:
Keep an eye on BTC and ETH trends for macro sentiment influences on VELODROME.
Pure Prediction for VELODROME/USDT
Short-Term (1 Week): Potential to reach $0.2000 with stable market conditions.
Mid-Term (1 Month): Possible move to $0.2300 if buying pressure sustains and broader sentiment improves.
Long-Term: Requires consistent bullish activity and market support for significant growth beyond $0.2300.
$SOL
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