šØ Trading Signal Alert: $VELODROME /USDT šØ
Time Frame: 4-Hour Chart
Current Price: $0.2442 (+64.56% in 24h)
Price Action Overview:
VELDROME/USDT showed extreme volatility, surging to a 24h High of $0.3880 before retracing to its current price of $0.2442. A sharp spike from the 24h Low of $0.1484 signals heavy buying interest but also rapid sell-offs. Watch for stability near key support zones before a potential breakout.
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š Trade Signal:
Entry Price: $0.2400 - $0.2500
Support: $0.2243
Resistance Levels:
1st TP (Take Profit): $0.2800
2nd TP: $0.3120
3rd TP: $0.3880 (Recent High)
Stop Loss: $0.2100
ā ļø Note: Monitor the price action for confirmation above $0.2500 before entering. Watch for further volume spikes indicating bullish continuation or reversal.
