$VELO – Look for Longs at the 0.0100 Confluence 🎯

[theSignalyst]

$VELO is grinding lower inside a falling wedge, approaching a key confluence where the wedge support meets the 0.0100 horizontal level.

That’s the spot I’ll watch for reversal/trigger longs.
If buyers defend 0.0100, I’ll target 0.0125–0.0130 first, then the wedge top near 0.0140–0.0145.
A clean daily close below 0.0100 would invalidate the idea short-term and keep the down-channel in play.

️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

Stick to your trading plan regarding entries, risk, and management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr.