$VELODROME
/USDT Technical Analysis and Trade Strategy๐๐ฏ
Current Price: $0.2455
Trend: Strong Bullish (+65.43%)
Range: $0.1484 (Low) โ $0.3880 (High)
Key Indicators
1. Support: $0.2200
2. Resistance: $0.2850, $0.3200
3. Volume:
VELODROME: 764.49 million
USDT: 220.43 million
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Trade Setup
Entry Zone: $0.2300 to $0.2400 (buy on pullback)
Stop-Loss: $0.2100 (below key support)
Targets
1. First Target: $0.2850 โ Immediate resistance level
2. Second Target: $0.3200 โ Strong breakout potential
3. Third Target: $0.3500 โ Continuation of bullish momentum
Strategy:
Given high volatility, enter cautiously on dips.
Watch for sustained volume to support the rally.
Use a trailing stop after reaching the first target to protect profits.