$VELODROME USDT breakout under pressure
#Velodrome is up 15.99% and trading near the 24h high at 0.04308. Momentum is strong, but resistance is close, so I’d wait for a breakout confirmation or a clean retest.
Long Entry: 0.0414–0.0420 Stop-Loss: 0.0393
TP1: 0.0431
TP2: 0.0436
TP3: 0.0450 (only if momentum continues)
Confirmation: A 15m candle close above 0.04308, ideally followed by a successful retest. A drop below 0.0393 invalidates this setup.
Risk management is essential.
This is not financial advice; DYOR.
#Velodrome is up 15.99% and trading near the 24h high at 0.04308. Momentum is strong, but resistance is close, so I’d wait for a breakout confirmation or a clean retest.
Long Entry: 0.0414–0.0420 Stop-Loss: 0.0393
TP1: 0.0431
TP2: 0.0436
TP3: 0.0450 (only if momentum continues)
Confirmation: A 15m candle close above 0.04308, ideally followed by a successful retest. A drop below 0.0393 invalidates this setup.
Risk management is essential.
This is not financial advice; DYOR.