This is an extremely high risk trade to take, which may only be worth taking on the premise of the monstrous reward.
As with every ponzi in the crypto space there are fundamentals to back the project (majority of which i do not give a fuck about although there is a fair bit of support behind this project), there's been a token burn on 20% of the supply more notably.
As long as the HTF here retraces + holds and we do not break that 0.0015-0.001 level i am confident in 0.01+, perhaps even 0.1+ (this depends on the extent of this next cycle / bubble).
Either way I have allocated a small portion of my portfolio here to $VELO and if anyone would like another analysis of $VELO or any other low key gems let me know!
As with every ponzi in the crypto space there are fundamentals to back the project (majority of which i do not give a fuck about although there is a fair bit of support behind this project), there's been a token burn on 20% of the supply more notably.
As long as the HTF here retraces + holds and we do not break that 0.0015-0.001 level i am confident in 0.01+, perhaps even 0.1+ (this depends on the extent of this next cycle / bubble).
Either way I have allocated a small portion of my portfolio here to $VELO and if anyone would like another analysis of $VELO or any other low key gems let me know!