$VELODROME – Buyers Defending Key Support Zone Strongly 🛡️
Current Price: $0.0700
24H Range: $0.0626 – $0.0833
Why It May Move Higher:
Price pulled back but showed a sharp recovery near $0.063, indicating strong buyer interest
Structure remains bullish with higher lows forming
Volume is rising, supporting momentum:
• 24h Volume: 44.63M
• Recent spike: 11.9M vs avg. around 7.5M
This suggests accumulation is ongoing near the base.
Trade Plan:
Entry Zone: $0.0680 – $0.0710
Targets:
• TP1: $0.0758
• TP2: $0.0802
• TP3: $0.0848
Stop Loss: $0.0645 (below recent reaction low)
Note:
Wait for price to stay above $0.070 on 15m or 1H timeframe before entering. Trail SL after TP1.
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