$VELO is setting up for another breakout attempt.
The last time price reached this trendline, it got rejected. Now it’s back at the same level, testing it once again.
And the timing makes this one worth watching.
Less than 16 hours remain before the weekly candle closes, while the monthly candle has less than 4 days left.
If $VELO can push through the trendline and hold above it, both timeframes could be confirming a bigger breakout
The last time price reached this trendline, it got rejected. Now it’s back at the same level, testing it once again.
And the timing makes this one worth watching.
Less than 16 hours remain before the weekly candle closes, while the monthly candle has less than 4 days left.
If $VELO can push through the trendline and hold above it, both timeframes could be confirming a bigger breakout
