Mock Up Price Action for VELOUSDT | Mid-Long Term (12HR)

Mock Up Price Action for VELOUSDT | Mid-Long Term (12HR)
- Accumulating micro caps to hedge against market correction/pullback period
- VELOUSDT BAXUSDT BLOKUSDT are my main picks

Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news

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When in doubt, zoom out... 1 Month timeframe, seeing reversal signals in doji and bullish harami candlesticks

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Price levels where I am heavily accumulating. I am expecting VELO to have a pretty good run once the market actually enters into a correction period.

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Mid March Target

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Bullish Adam and Eve Pattern playing out. Strong support and bounce potential from dynamic support springboard 100 day moving average at 0.004 price point. Would then need to shoot, complete the cup, and impulse up/above/through 200 day moving average to likely hit resistance point at top of the long term parallel channel at 0.03 price point. Beyond that for the months to follow, bullish run could continue all the way up to dynamic resistance 500 day moving average. VELO has typically had very active bullish price action when BTC and the rest of the top 200 broader market enter into correction periods.

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Watch out for this scenario with BTC impending.

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An initial pullback with rest of the market once BTC makes a violent move, then rocket launch.

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Mapping out price areas of interest