$VELODROME ‌ is showing strength! Trading around $0.0207 USDT, up roughly +5% in the last 24 hours, the price has made a clean impulsive move from the 0.0198 demand zone and is now consolidating just below the intraday high at 0.0208. This tight range near recent highs is a bullish sign, suggesting strength rather than exhaustion.

On the 1H timeframe, the bullish structure remains intact, with higher lows and controlled pullbacks, confirming buyers are in control. The current consolidation appears as a continuation pattern, meaning the market is likely pausing before the next leg up.

💹 Trade Setup – Bullish Continuation:
Entry Zone: 0.0204 – 0.0207
Target 1: 0.0212
Target 2: 0.0220
Target 3: 0.0235
Stop Loss: 0.0199

Technical Notes:
✅ Strong impulse from 0.0198 confirms active demand.
✅ Consolidation above 0.0204 shows buyers in control.
✅ Immediate breakout level: 0.0208.
✅ Sustained acceptance above 0.0212 increases probability of trend expansion.

🔥 Why This Matters:
If $VELODROME breaks and holds above 0.0208 with strong volume, we could see momentum accelerate toward the higher resistance zones. Traders watching this setup should keep an eye on 0.0212 for confirmation of continuation and the next targets at 0.0220 and 0.0235.

⚠️ Bearish Scenario:
A break below 0.0200 support would weaken the setup and suggest deeper consolidation before another upward move.

💡 Pro Tip:
This is a classic example of a demand-driven impulse followed by controlled consolidation. Patience and volume confirmation are key. The price action near highs indicates buyers are ready to push for the next leg up, making this an exciting opportunity for swing traders.