Is VELO About to Break Out? Here's What You Need to Know!

8月16日

Yello, Paradisers! Have you been watching #VELO closely? After a prolonged downturn, #VELOUSDT is finally showing signs of life, forming a promising double bottom pattern. But the question is—will it break through?

💎VELO is currently challenging a critical range resistance between $0.0125 and $0.01289—also functioning as breakout neckline. If the bulls can push through this resistance with conviction, price could see a breakout initially towards $0.01465, and $0.01610 levels. This is where partial profit-taking remains likely, however the double bottom pattern target is aimed at $0.0182 to $0.01925 levels.

💎VELO has reclaimed all major dynamic EMAs, including the EMA 50 and EMA 200, which are now acting as solid support levels. This important support zone is positioned between $0.01075 to $0.01095 levels. As long as VELO holds these levels, the breakout chances remain high.

💎However, on the other side if sellers manage to push VELO below the $0.007100 level, they could potentially disrupt this bullish setup, leading to idea invalidation and fresh downside.

Remember, Paradisers! Discipline and patience are key. The next move could be a big one, so make sure you're playing it smart! Stay focused, and let the market come to you.

MyCryptoParadise
iFeel the success🌴

8月20日

交易开始

#VELO's primarily went up by almost 20%, however to sustain that momentum, breakout above the Neckline was important.

VELO's likely to rechallenge the neckline levels over the coming days. If the breakout is achieved, VELO is likely to aim significant higher levels.

8月22日

注释

Boom! #VELO is doing just what we said. Up 18.35% and looking good!

VELO surprisingly has found a new support at 0.01175 level. Over the last several days, price has honored this support.

VELO currently attempting a breakout of the neckline resistance. Price now needs stronghold above the resistance of 0.01295 level in order to trigger a breakout.

9月2日

交易手动结束

Another win! #VELO up 35.80%, as forecasted!

The idea is now being closed as VELO is now starting to lose it strength.

9月4日

注释

Another win! #VELO up 45.40%, as forecasted!

Bulls defying all weaknesses and pushing price up further. 0.01610 is the resistance that needs to break now for VELO to hit its stronger resistance region higher.

9月4日

交易结束：到达目标

Another win! #VELO up 70.00%, as forecasted!