$VELODROME /USDT BULLISH BREAKOUT IMMINENT šš„
Current Price: $0.0499
24h Change: +2.04%
š TECHNICAL ANALYSIS
$VELODROME is showing signs of a bullish reversal after bouncing from recent lows. Price has broken back above the EMA on lower timeframes and is consolidating just under key resistance ā setting the stage for a potential breakout.
š KEY LEVELS
Resistance (R1): $0.0503
Support (S1): $0.0490
Major Support (S2): $0.0486
Breakout Zone: $0.0504+
š TRADE SETUP ā LONG ENTRY
š„ Entry: $0.0498 ā $0.0501
šÆ Take Profit Targets:
TP1: $0.0508
TP2: $0.0515
TP3: $0.0523
š Stop Loss: $0.0487 (below key support zone)
š Trade Timeframe: Intraday to Short-Term Swing
š¼ RISK MANAGEMENT
ā Risk only 1ā2% of your capital.
ā Maintain RR ratio ā„ 2:1
ā Use a trailing SL after TP1 to lock in profits.
š¢ Bulls have the upper hand ā watch for a clean break above $0.0504 to confirm momentum!
Stay sharp & manage your risk! š§ ššŖ
#BigTechStablecoin #MarketPullback l#MarketPullback #BlackRockETHPurchase #Write2Earn! $VELODROME