$VELODROME /USDT BULLISH BREAKOUT IN PLAY šš„
š Current Price: $0.0511 (+4.93%)
š¹ 24H High: $0.0521
š¹ 24H Low: $0.0474
š TECHNICAL ANALYSIS
$VELODROME/USDT is showing strong bullish momentum, reclaiming a key resistance level and bouncing from support with volume confirmation. Price structure suggests a continuation to the upside.
š Key Levels:
š¹ Support: $0.0490 ā $0.0500 ā
š¹ Resistance: $0.0525 ā $0.0550 š§
š¢ LONG TRADE SETUP:
š„ Entry: $0.0510 ā $0.0515
šÆ Targets (TP):
⢠TP1: $0.0525
⢠TP2: $0.0540
⢠TP3: $0.0555
š Stop Loss (SL): $0.0489
ā ļø RISK MANAGEMENT:
⢠Risk only 1ā2% of capital š¼
⢠Adjust position size based on SL distance š
⢠Stick to plan ā no overtrading! š§
š¢ Momentum favors the bulls ā trade with confidence but manage risk wisely! ā š
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