$VELODROME /USDT BULLISH BREAKOUT SETUP
After consolidating near the lower range,
$VELODROME has shown strong volume expansion with buyers stepping in around the 0.0356–0.0368 support zone. The price recently tested resistance levels near 0.0427, indicating a potential breakout continuation if momentum sustains.
Technical Outlook:
The price structure shows higher lows on the 4H chart, supported by increasing trading volume and RSI trending upward, signaling building bullish momentum. A breakout above 0.0419–0.0427 could open room for further upside movement.
Trade Setup (Long Entry):
- Entry: Above 0.0419 breakout confirmation
- Targets (TP): 0.0445 / 0.0466 / 0.0498
- Stop Loss (SL): Below 0.0360 support zone
Risk Management:
Risk only 1–2% of total capital per trade. Move stop loss to breakeven after the first target hits to secure profits and reduce exposure.
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