$VELODROME Breakout Mode Activated: Bulls on Track🔐🔑👇
Current Price: $0.0558
Timeframe: 1H & 1D
Trend Signal: Bullish
Formed Candle & Chart Pattern Analysis:📊
On the 1H chart, $VELODROME just broke above a key CHoCH zone with a strong bullish engulfing candle. Continuous higher-lows formation confirmed a solid trend reversal. Price is now testing a minor resistance zone post-breakout.
In the daily timeframe, price successfully closed above the 50 EMA after a clean retest of support around $0.0481. The bullish momentum is supported by an RSI breakout above the midline, signaling strength.
Why Bullish:🤔🔥
Multiple CHoCH flips into BOS (Break of Structure) confirmed.
Volume-backed candle closure above resistance.
Indicators (RSI & stochastic) showing upside continuation.
Room toward next resistance around $0.0803 (daily 200 EMA).
Trade Strategy (BUY BIAS):🔥
Entry Zone: $0.0530 – $0.0550✅
Short-Term Target: $0.0600🎯
Mid-Term Target: $0.0720🎯
Stop Loss: $0.0484 (below structure & EMA support)☣️
Trade Duration: 1 to 4 Days Swing⌛
Takeaway:🧑💻
$VELODROME bulls just took control. If price sustains above $0.0535, expect a continued rally. Don’t chase green candles — buy dips on structure re-tests.
👨❤️👨"Patience during consolidation creates profits during breakout."
Disclaimer: ⚠️
This is not financial advice. Always DYOR before investing or trading.