VELAUSDT likely to head to 4h support and then bounce to 1.62The price hit the 4h resistance 4HR2 and then pulling back since then. I expect this pullback to continue till the next support which is 4h support 4HS1. After that the price shall bounce from that 4h support 4HS1. The target for this bounce should be then the 4h resistance 4HR1 which is around 1.615-1.625 area.
Velausdtidea
VELAUSDT relevant support and resistance levelsHere is the chart with all the relevant support and resistance levels marked for this pair. We have a long trade idea currently active from 4h support 4HS1. I think the level shall provide the expected bounce towards 4h resistance 4HR1. However, in case that fails, the enxt support is daily support DS1 which is the next area to go long. All the upside resistance like daily and weekly resistance arw also marked on the chart.
