VELO1USDT Long Idea - Fib Extension Continuation

Here is a simple long idea for the VELO1USDT token. The fib retracement tool has been drawn on the original push, and we can see that the first fib extension take profit target was hit prior to a period of BTC price instability which generated the price action shown in the red box.

Now that BTC has stabilised, price momentum has once again picked up, and there is a potential for a breakout trade to aim for the second fib extension target (indicated by the red arrow). A tight stop here to account for any Monday morning BTC price swings, and we could see an ~8:1 trade play out.