$VELODROME MASSIVE +38% SPIKE, BUT IS IT OVERHEATED?
VELODROME is trading at $0.0813, after an explosive rally that sent the price up over +38%. Price is now hovering right below key resistance, with high volume backing the surge. A breakout here could trigger continuation—but rejection might lead to a healthy pullback.
Key Levels to Watch:
• Resistance: $0.0833 – A clean breakout here could fuel another wave of buying.
• Support: $0.0750 – If broken, downside pressure could intensify.
Trade Setup – Breakout or Blow-off Top?
Bullish Scenario:
• Entry Trigger: Break and hold above $0.0833
• Target 1 (TP1): $0.0880
• Target 2 (TP2): $0.0930
Bearish Scenario:
• Entry Trigger: Drop below $0.0750
• Target 1 (TP1): $0.0710
• Target 2 (TP2): $0.0675
Stop-Loss (Risk Control):
• Longs: Below $0.0750
• Shorts: Above $0.0833
Volume Insight: 3.12M – strong and rising. Monitor closely for exhaustion signals or breakout confirmation.