$VELODROME (VELO/USDT) Technical Update and Best Trading Strategy 🧑💻 🔐 👇
🕰️ Timeframe: 1H & 1D
📉 Price: $0.0491
🔻 24H Change: -3.16%
📊 Chart Observations:
✅ 1H Timeframe:
$VELODROME trying to form short-term higher lows after a sharp dip.
Currently facing resistance around $0.0505, with support near $0.0490.
MACD starting to show early signs of bullish momentum build-up.
RSI (48.27) is neutral, indicating potential space for upside if volume increases.
❌ 1D Timeframe:
Still below the 20 and 50 EMA — showing a bearish structure.
Price failing to break above $0.0530 resistance.
MACD histogram remains red with negative crossover lines — downtrend still active.
RSI at 40.78 suggests mild oversold zone — bounce possible but not confirmed.
🔍 Verdict:
Short-term recovery attempts visible, but larger trend is still bearish.
A 4H candle close above $0.0530 will be essential to flip bias.
Until then, this remains a sell-on-rise zone or a wait-and-watch for spot buyers.
🎯 Trade Plan:🧑🏫
Resistance: $0.0505 / $0.0530
Support: $0.0470 / $0.0445
⚠️ Break below $0.0465 = continuation of bearish structure.
📌 Pro Tip: “When a token consolidates in a downtrend without volume, it's often preparing for a stronger breakout — in either direction. Let the chart confirm before jumping in.”
🧠 "Don’t chase the move — master the setup."
⚠️ This is not financial advice. Do your own research and manage your risk properly.
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