$VELODROME /USDT Poised for Breakout: Key Levels & Market Outlook
🔥 Current Price: $0.2536 (+6.51%)
Key Levels
Resistance: $0.2575 (short-term), $0.2650 (major breakout zone)
Support: $0.2470 (short-term), $0.2400 (major support zone)
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Entry Strategy
Long Entry:
Zone: $0.2500–$0.2550
Targets: $0.2600 / $0.2650 / $0.2700
Stop Loss: Below $0.2470
Short Entry (if breakdown):
Zone: Below $0.2470
Targets: $0.2430 / $0.2380
Stop Loss: Above $0.2520
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Technical Insights
Pattern: The 30-minute chart shows a bullish structure with higher lows, with key resistance near $0.2550.
Breakout Signal: A sustained move above $0.2575 could trigger a rally targeting $0.2650+.
Risk: If resistance holds, a pullback toward $0.2470 is possible.
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Market Outlook: Bullish above $0.2575; volume confirmation remains critical. If the price is rejected at resistance, look for corrections toward support levels.
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