📢 $VELODROME / $USDT | 🟢 LONG | ⭐ 74.4%
🎯 Objective: $0.023255. Does it achieve it?
🎯 Trading levels:
🟢 Entry: $0.022255
🛑 Stop Loss: $0.021655
🏁 TP1: $0.023255
🏁 TP2: $0.023455
🏁 TP3: $0.023855
📈 Analysis:
The structure of $VELODROME shows a bullish multi-timeframe alignment, with price consolidating after a confirmed triple-bottom pattern. The ADX of 21.07 suggests a trend in formation, while the bullish MACD crossover (momentum indicator) together with the EMAs 20 and 50 set to rise supports buying pressure. Volume absorption near the key support level reinforces the probability of continuation toward the VAH (volume profile maximum value) at $0.022779.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The thesis is invalidated if price closes below the stop loss at $0.021655, nullifying the structure of higher lows. It is essential to watch that volume accompanies the breakout of the immediate resistance at $0.02281 to validate the bullish impulse.
Do you think the current volume is enough to break this technical resistance?
💡 This analysis is educational and not financial advice. Research on your own and decide calmly.
#crypto #VELODROME #trading #Futures #Bullish
🎯 Objective: $0.023255. Does it achieve it?
🎯 Trading levels:
🟢 Entry: $0.022255
🛑 Stop Loss: $0.021655
🏁 TP1: $0.023255
🏁 TP2: $0.023455
🏁 TP3: $0.023855
📈 Analysis:
The structure of $VELODROME shows a bullish multi-timeframe alignment, with price consolidating after a confirmed triple-bottom pattern. The ADX of 21.07 suggests a trend in formation, while the bullish MACD crossover (momentum indicator) together with the EMAs 20 and 50 set to rise supports buying pressure. Volume absorption near the key support level reinforces the probability of continuation toward the VAH (volume profile maximum value) at $0.022779.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The thesis is invalidated if price closes below the stop loss at $0.021655, nullifying the structure of higher lows. It is essential to watch that volume accompanies the breakout of the immediate resistance at $0.02281 to validate the bullish impulse.
Do you think the current volume is enough to break this technical resistance?
💡 This analysis is educational and not financial advice. Research on your own and decide calmly.
#crypto #VELODROME #trading #Futures #Bullish
