$VELODROME /USDT short trade signal 🚦 🛑
BEARISH PULLBACK IN PLAY — PROFIT-TAKING PHASE BEGINS!
After reaching a local high of $0.0704, $VELODROME/USDT is showing a strong bearish pullback from resistance. The price dropped quickly to $0.0670, signaling potential exhaustion of buying momentum. A lower high formation and red candle confirmation indicate that a short-term correction may continue.
Trade Setup:
Short Entry: $0.0670 – $0.0675
Take-Profit Targets:
TP1: $0.0654
TP2: $0.0638
Stop-Loss: $0.0706
Market Outlook:
The recent surge was met with resistance near $0.0704, and sellers are stepping in aggressively. As long as the price stays below that level, bearish pressure remains in control. RSI cooling off supports the idea of more downside ahead.
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