$VELODROME /USDT TECHNICAL ANALYSIS: BULLISH BREAKOUT

$VELODROME/USDT is exhibiting bullish momentum after holding key support near 0.0291. The price has bounced from recent lows, supported by strong buying volume and moving average alignment, indicating potential continuation upward. Immediate resistance is observed around 0.0303, while strong support remains at 0.0288.

Trade Setup:

Entry (Long): 0.0292 – 0.0295

Target 1 (TP1): 0.0305

Target 2 (TP2): 0.0312

Stop Loss (SL): 0.0287

Risk Management: Use 2–3% of capital per trade and adjust stop loss as price progresses to secure profits.

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VELODROMEUSDT

Perp

0.02963

+3.42%