$VELODROME

Analysis:

1. Short-Term Trend:

Bullish: The +11.83% price increase reflects strong momentum. Trading above MA60 adds to this optimism.

2. Support and Resistance:

Support: Around $0.1824 (24h low).

Resistance: At $0.2161 (24h high).

3. Trading Strategy:

For Traders: Watch for a breakout above $0.2161 to confirm continued bullish momentum.

Profit-Taking: Consider taking profits near resistance levels if the price shows hesitation.

Risk Management: Place stop-loss orders below $0.2024 or $0.1824 for downside protection.

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