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