$VELODROME /USDT BULLISH MOMENTUM BUILDING – LONG ENTRY SETUP
Technical Analysis:
$VELODROME /USDT has displayed a strong reversal from the recent base near 0.02, surging over 25% as buying pressure intensifies. The pair has successfully formed higher lows and broken through the resistance zone around 0.038–0.040, confirming a shift in market structure toward an uptrend. Increasing volume supports the strength of this breakout, suggesting that bulls are taking control. A sustained move above the breakout level could open the path for further gains.
Entry: Long above 0.041–0.042 (confirmation after breakout or retest)
Targets (TP):
TP1: 0.046
TP2: 0.052
TP3: 0.058
Stop Loss (SL): 0.034 (below last swing support)
Risk Management:
Limit exposure to 1–2% of total capital per trade. Maintain a minimum risk/reward ratio of 1:2, move SL to breakeven once TP1 is reached, and manage position actively to lock in profits as price advances.
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