$VELODROME 🚀 STRONG MOMENTUM 💪
📊 VELD/USDT — Short-Term Technical Overview
Current Price: $0.0519
24H Trading Volume: $2.03 million
Asset Type: DeFi/DEX protocol token (likely linked to Velodrome, an Optimism-based DEX)
Volatility: Moderate-to-high (based on recent price moves and liquidity)
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🖼️ Chart Pattern (1H–4H Analysis)
Trend: Attempting recovery from a recent dip; showing signs of accumulation.
Pattern: Forming a rounded base or cup-with-handle setup—indicative of potential breakout.
Current Zone: Ranging between $0.0495 and $0.0535, with buyers defending the lower range.
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📌 Key Levels to Watch
Type Price Notes
Resistance $0.0540 Near-term breakout confirmation
Resistance $0.0575 Next zone to take profit
Support $0.0495 Key dip-buy and defense area
Deep SL $0.0468 Invalidates short-term bullish view
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🧠 Indicators (4H Timeframe)
RSI: 57 – Neutral with mild upward slope
MACD: Bullish crossover emerging
Volume: Gradual increase, indicating interest without hype
EMAs: Price hovering above EMA 20 and nearing EMA 50 reclaim
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🎯 Short-Term Trading Strategy (1–3 Days)
✅ Breakout Setup
Entry: Break and close above $0.0540
Target (TP1): $0.0575
Target (TP2): $0.0600 (if momentum continues)
Stop-Loss (SL): $0.0495
RR Ratio: ~2.5:1 — Favorable for short-term swing
🟡 Dip Buy Plan
Entry Zone: $0.0495–$0.0505
TP1: $0.0535
SL: $0.0468
Ideal For: Traders preferring entries near support with less FOMO
⚠️ Disclaimer
> This content is for informational and educational purposes only. It does not constitute financial advice. Always do your own research (DYOR), use proper risk management, and only invest what you can afford to lose. Markets are highly volatile and unpredictable.
✅ Final Thoughts
VELD is showing a potential recovery pattern with signs of early accumulation.