💯🔥$VELODROME TECHNICAL ANALYSIS – BEARISH SETUP AHEAD🚀💞

The✨ $VELODROME chart shows clear signs of bearish momentum forming after a recent short-term consolidation. The price has been struggling to break above the resistance zone near the recent high, while lower highs and lower lows indicate sellers are dominating. Key indicators like MACD are showing weakening bullish momentum, and EMA lines are trending downward, confirming the potential continuation of the downtrend.

Trade Setup:

Short Entry: Below$ 0.0336

Targets (TP):$ 0.0330 /$ 0.0325

Stop Loss (SL): $0.0342

Risk Management: Keep exposure under 2% of trading capital per trade. Avoid adding to losing positions and trail your stop to secure profits if price action confirms further downside.

#TechnicalAnalysis #DeFiTrading #CryptoSignalsCurrent #ShortSetups #RiskManagementMastery $VELODROME