$VELODROME /USDT – Bear Flag Breakdown in Sight! 🚨
Current Price: $0.0428 (+10.03%)
After a strong run-up, $VELODROME is now cooling off inside a descending channel – a potential bear flag, often signaling downside continuation.
Resistance Zone: $0.0445 – $0.0451 (channel top)
Support Zone: $0.0418 – $0.0420 (flag base)
Short Trade Setup (Breakdown Play):
• Entry: $0.0420 – $0.0423 (on breakdown candle close)
• Targets:
TP1: $0.0405
TP2: $0.0388
TP3: $0.0365
• Stop Loss: $0.0452 (above recent high)
Why This Setup Matters:
Volume is fading as price compresses within the flag, setting up for potential breakdown. Early entry = higher R:R.
Pro Tip: Watch for strong red candle slicing below $0.042 with volume. Avoid entering inside chop.
Bears are watching – stay sharp and ride the wave!
#BinanceVoteToDelist #TariffsPause #MarketRebound #CPI&JoblessClaimsWatch #BinanceHODLerBABY