It is a small cap Alt with less than 100M VELO in circulation. Volatility is highly expected. From the fundamental perspective, VELO team are promising the moon but the reality is far from it. Therefore, I am trading it as a shitcoin and taking it for a ride.
From the TA perceptive, VELO is at rock bottom... very low volume at this stage too. But like all shitcoins, it'll have its day in this boiling bull run. The RSI is moving upwards from the 40 level after maintaining that level for long.
My entry price is marked in blue, and my exit is set for 300% for now.