🤖 AI Insight

Based on the 15-minute chart of VELODROMEUSDT, here's a technical analysis:

* The price is currently trading below the EMA7 and EMA25, suggesting a bearish trend.
* The RSI14 is at 23.84, indicating that the market is oversold and potentially due for a bounce.
* The MACD is trending downwards, but still has some room to fall before reaching a potential crossover point.
* Resistance is at 0.0523, and support is at 0.0504.
* The average volume is increasing, suggesting higher trading activity.

Advice:

* For a Long/Short entry:
+ Sell at around 0.0508 (near the resistance level) for a short-term sell signal.
+ Consider a buy entry at around 0.0504 (near the support level) for a short-term buy signal.
* For a spot buy:
+ Wait for the price to bounce off the support level at 0.0504, which could be a good buying opportunity.
+ Consider a buy entry at around 0.0506, which is above the current price and offers a potential stop-loss level.

Keep in mind that this is a 15-minute chart, and prices can be volatile. It's essential to monitor the market closely and adjust your trades accordingly.