$VELODROME Bullish Breakout in Play!
$VELODROME is trading at 0.0597, up +22.09% in the last 24H, after a strong rally from 0.0484 to test the 0.0600 high. The breakout above key resistance has sparked fresh bullish momentum, supported by strong volume. Holding above 0.0585 will be crucial for sustaining this uptrend and aiming for higher targets.
Support and Resistance
• Resistance: 0.0605 – 0.0620
• Support: 0.0585 – 0.0560
Trade Setup
• Entry Zone: 0.0585 – 0.0595
• Stop Loss: 0.0565
🎯 TP1: 0.0610
🎯 TP2: 0.0630
🎯 TP3: 0.0660
Market Insights
VELODROME is showing strong buying pressure with consistent higher lows, indicating a healthy bullish structure. The momentum suggests that if it breaks and holds above 0.0605, it could accelerate towards 0.065+ levels, making current consolidation zones ideal for breakout traders.