$VELODROME Breakout Mode Activated: Bulls on Trackđđđ
Current Price: $0.0558
Timeframe: 1H & 1D
Trend Signal: Bullish
Formed Candle & Chart Pattern Analysis:đ
On the 1H chart,
$VELODROME just broke above a key CHoCH zone with a strong bullish engulfing candle. Continuous higher-lows formation confirmed a solid trend reversal. Price is now testing a minor resistance zone post-breakout.
In the daily timeframe, price successfully closed above the 50 EMA after a clean retest of support around $0.0481. The bullish momentum is supported by an RSI breakout above the midline, signaling strength.
Why Bullish:đ¤đĽ
Multiple CHoCH flips into BOS (Break of Structure) confirmed.
Volume-backed candle closure above resistance.
Indicators (RSI & stochastic) showing upside continuation.
Room toward next resistance around $0.0803 (daily 200 EMA).
Trade Strategy (BUY BIAS):đĽ
Entry Zone: $0.0530 â $0.0550â
Short-Term Target: $0.0600đŻ
Mid-Term Target: $0.0720đŻ
Stop Loss: $0.0484 (below structure & EMA support)âŁď¸
Trade Duration: 1 to 4 Days Swingâ
Takeaway:đ§âđť
$VELODROME bulls just took control. If price sustains above $0.0535, expect a continued rally. Donât chase green candles â buy dips on structure re-tests.
đ¨ââ¤ď¸âđ¨"Patience during consolidation creates profits during breakout."
Disclaimer: â ď¸
This is not financial advice. Always DYOR before investing or trading.
#Velodrome #TariffPause #BinanceAlphaAlert #Binance #MarketRebound