ā $VELODROME /USDT ā Calm Before the Breakout? šš
$VELODROME is consolidating just below the mid-Bollinger Band at $0.0478 (-0.21%), showing signs of a possible breakout with low volatility and tightening price action.
š Key Technical Insights:
⢠BOLL Bands: Squeezing with UP: $0.0493 | MB: $0.0479 | DN: $0.0464
⢠Support at $0.0464 is holding with increasing volume (28.04M VELODROME)
⢠Price bouncing within a narrow zone ā potential setup for expansion
šÆ Trade Plan (Range-Break Strategy):
⢠Entry Zone: $0.0474 ā $0.0479
⢠Take Profit 1: $0.0493
⢠Take Profit 2: $0.0505
⢠Take Profit 3: $0.0530
⢠Stop Loss: $0.0458
š Pro Tip: A breakout above $0.0493 with volume can trigger a bullish swing. Keep a close watch ā low volatility phases often precede big moves.