VELO

#VELO appears to have completed its corrective 2nd wave from the early 2025 peak, following a strong 2-year impulse wave that began in early 2023. Passing $0.02 could confirm a bullish reversal, optimistically targeting the 2020–2021 price ranges.

- trendline fakeout green trenline -very strong swap zone -4 daily wipes -liquidity taken

The VELO chart has completed a retest after a classic Bearish Rising Wedge breakout. It's currently heading directly towards the demand zone. A strong reaction from here could lead to a return to the wedge; otherwise, a major decline could open the door.VELO demand zone reaction | critical moment 🔃 Velo perfectly reacted from the demand zone after the Rising Wedge breakdown retest. As long as this reaction holds, a revisit to the wedge area remains likely. However, losing momentum here could still trigger the larger decline scenario once again.

The Velo is preparing to start a new bullish rally in the coming hours. The Adix shows upward bullish strength and candles are about to break out of a sideways channel.

Looks like a nice 5 wave down move, bottom formation, then impulse up. 10x from here looks right.

The ADX shows us a strong upward trend, indicating that momentum is beginning to rise. Therefore, a strong recovery awaits us to reach 0.017.

Short Velo. Very weak volume. It's preparing for a pullback. When BTC falls, it will be dragged down.

Accumulation along deep value lower channel trend line with higher highs. The upside is ridiculous and could melt so many faces. Will continue to accumulate down to trend line and will hopefully retire my family's blood line with this one. Else, get rekt. Target at double top. 1.90

Approx. Current Price 0.015–0.020 USDT per VELO (depending on platform) Technical IndicatorsMixed—moving averages bullish, oscillators neutral Long Position Rationale Betting on a price increase from current levels Risk ConsiderationsVELO is highly volatile; prices vary significantly by exchange

NFA, please invest only what you can afford to lose and always use 1-3% stop loss as a rule! This trade can always go sideways. I will be buying some positions in spot soon...