Short-term trading signal for the price of $VELODROME /USDT - Return of sellers' control on the decline

The Vélodrome token shows clear weakness after failing to hold above the $0.0738 level and is now heading towards a key support level. The recent rejection from the $0.0833 level indicates a shift in momentum, and sellers have quickly taken control of the market.

Current price: $0.0632

24-hour high: $0.0738

24-hour low: $0.0622

Today's loss: -10.86%

Sell trade settings:

Entry area: $0.0635 - $0.0645

Target 1: $0.0580

Target 2: $0.0520

Final target: below $0.0500

Stop loss: above $0.0695

Market overview:

The accumulation of bearish candles with high trading volume indicates strong downward pressure. Unless the bulls quickly reclaim the $0.070 level, this downward trend is likely to continue deeper.

Stay cautious and set your stop points - the bears are now in charge.

Buy and trade here on $VELODROME