The crucial 0.016 zone in $VELODROMEUSDT is being swept as we speak, and if history repeats itself, this could be the catalyst for a massive move upwards.
Looking at the charts, the high-time-frame (HTF) structure is undeniably bullish, with the RSI sitting at 58 and volume at 0.1x, indicating a potential breakout. The current price action is respecting the order block zone, which has been a key level of support in the past.
Here are the trade levels to watch:
- Entry: 0.01635
- Take Profit 1: 0.01697 (RR 5.1x)
- Take Profit 2: 0.01791 (RR 12.7x)
- Stop Loss: 0.01623
With a strong momentum backing
$VELODROME , I'm looking for a 1:2 risk/reward ratio on this long position.
Followers, keep a close eye on this one - it's about to get interesting. Stay disciplined and let's ride this wave together!
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