$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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