Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
VELODROME's recent rally has run for 50 K-lines, and currently the price is coinciding with the dynamic tracking line (0.02427). This position is a bit delicate.
From a technical perspective, support levels are at 0.02287, 0.02329, and 0.02371, with resistance at the recent high of 0.02558. The retracement from the previous high exceeds 5%, indicating that this rally has already consumed some momentum.
Regarding strategy scoring: if the price can stabilize around the tracking line, there is still a chance to push higher towards the recent high. But this is the key—once the price breaks below the tracking line as a dynamic stop-loss reference, the upward trend may stall or even reverse.
How is the bullish momentum now? This is crucial for judging the next move. The price is testing the dynamic support; if the bulls are not decisive enough, a downward probe is likely. Conversely, if the bullish strength is sufficient, reaching for the previous high is not a dream. These one or two K-lines are very important to clearly see the strength comparison between bulls and bears.
---
50 candlesticks and still tangled here; if we can't break the previous high, we need to be cautious.
---
It feels like this wave will either go straight up or test downward again.
---
If the bulls drop the ball, we must hold at 0.02287; otherwise, it's really over.
---
Why do we always hesitate at critical points? It's just a matter of a few candlesticks.
---
The area near the tracking line is the life-and-death line; breaking it would be too risky.
---
Watching closely, the bulls and bears need to determine the winner; right now, it's really hard to judge.
---
I was planning to chase the top, but after a 5% pullback, I'm a bit hesitant.
---
Is the previous high of 0.02558 really that easy to break? It doesn't seem as optimistic as I imagined.
---
This rhythm is a bit awkward; I can't tell whether to continue or to cut losses.
---
The tracking line is indeed a bit dangerous at this position. If you're cautious, it might just break below directly.
---
Oh no, testing the support again. When will it truly break through?
---
Why are the bulls still hesitating? Come on, make a move, brothers.
---
A 5% retracement. If this rally softens further, I'll withdraw.
---
Let's see if these two candles can save the situation; otherwise, a reversal is imminent.
---
Chasing the previous high? Dream on. First, see if it can hold above 0.02287.
---
The dynamic tracking line is a hurdle—either break through or crash down, no third option.
---
Break 0.02427 and you gotta run, otherwise the dip really won't come back
---
Every time it's said that one or two candles are crucial, but... it still depends on luck
---
The previous high of 0.02558 feels far away, why aren't the bulls giving some strength?
---
Only when standing firm on the tracking line is there a chance, otherwise get ready to bottom fish
---
Consumed more than 5% of the gains, feels like this wave isn't as strong as expected
---
Bull vs bear strength comparison? Basically, it's about whether it will crash, can't bet against it
---
Only if it holds above 0.02427 is there hope; if it breaks below, it's time to run, no need to hesitate.
---
Honestly, a 5% retracement from the high already indicates weakness. Now it's just a matter of how much firepower the bulls still have.
---
This level is a life-and-death line. Either push to 0.02558 or fall back to around 0.02371—choose one.
---
If the bulls really had strength, they would have already hit a new high. Right now, things look a bit uncertain.
---
It feels like energy is still being accumulated; it might not necessarily collapse. We need to wait for a confirmed breakdown signal.
---
The upward move of 50 candlesticks is almost over. Expect more sideways movement later; don't be too optimistic.
---
Support levels are well laid out, but the key question is whether the bulls are willing to take over.