$VELO /USDT โ BULLISH BASE FORMATION HINTING AT AN IMPENDING UPSIDE MOVE ๐
$VELO /USDT is showing early bullish strength after defending the key demand zone around $0.00685โ$0.00695. Price is gradually forming higher lows with improving stability, suggesting accumulation by buyers. If $VELO sustains above the short-term support, the next market move favors a bullish continuation toward higher resistance levels.
๐ Trade Setup (LONG)
Entry Zone:
$0.00695 โ $0.00705
Targets (TP):
TP1: $0.00750
TP2: $0.00820
TP3: $0.00900
Stop Loss (SL):
$0.00660 (below key support & invalidation level)
๐ Technical Explanation
Strong demand observed near $0.00685
Price holding above intraday support
Compression indicates potential breakout structure
Momentum slowly shifting in favor of buyers
๐ Market Outlook
As long as VELO holds above the $0.00680 support, the bullish bias remains intact. A breakout above $0.00750 could accelerate momentum, while losing support may lead to short-term sideways consolidation.
