The VELO/USDT pair is nearing a pivotal moment near the support of a descending triangle. This setup signals an imminent directional move, offering significant trade opportunities based on the breakout direction.
🔹 Bullish Scenario: A breakout above the descending trendline could confirm a bullish reversal, paving the way for upward momentum.
🔹 Bearish Scenario: A breakdown below the current support level would validate a bearish continuation, potentially testing lower levels.
✅ Buy after a successful breakout of the descending trendline to ride the bullish momentum.
✅ Or Accumulate positions near the green support lines, as highlighted in the chart, for a safer entry point.
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