$VELODROME /USDT short trade signal 🚦 🛑

BEARISH PULLBACK UNDERWAY – WATCH FOR SUPPORT REACTION!

$VELODROME/USDT is facing a mild correction after tapping resistance near $0.0657. Price action on the 1H chart shows red candles forming after an extended bullish push from $0.0584. The current decline may test support levels around $0.0613 – $0.0615. Sellers have taken short-term control, but a bounce at key support could flip the momentum again.

Trade Setup: (Short Position)

Entry: $0.0632 – $0.0635

Take Profit (TP): $0.0615 / $0.0602 / $0.0588

Stop Loss (SL): $0.0652

Market Outlook:

Parabolic SAR has flipped to the downside, indicating a possible bearish continuation. Keep an eye on volume and support reactions — a failure to bounce may deepen the drop. Ideal for short scalping setups.

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breakout candle!

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