🐻 SHORT Altcoin $VELO — continuation of the downward move after the correction
{alpha}(560xf486ad071f3bee968384d2e39e2d8af0fcf6fd46)
📊 Technical analysis.
A head-and-shoulders pattern has formed due to overbought conditions and an RSI divergence on the H1 chart, with price trading below the descending trendline.
💡 Trading idea:
🎯 Entry zone: $0.007 – $0.0067
🎯 Target zones: $0.0065 → $0.0063 → $0.0059
⛔ Stop-loss zone: above $0.0074
#VELO #SetupHunters
{alpha}(560xf486ad071f3bee968384d2e39e2d8af0fcf6fd46)
📊 Technical analysis.
A head-and-shoulders pattern has formed due to overbought conditions and an RSI divergence on the H1 chart, with price trading below the descending trendline.
💡 Trading idea:
🎯 Entry zone: $0.007 – $0.0067
🎯 Target zones: $0.0065 → $0.0063 → $0.0059
⛔ Stop-loss zone: above $0.0074
#VELO #SetupHunters
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VELO
Alpha
0.005181
+3.20%