$VELODROME /USDT BEARISH BREAKDOWN IN PROGRESS ⚠️📉
🔍 Technical Analysis Update
Current Price: $0.0489 (-5.23%)
Trend: Bearish Momentum Building
🔑 Key Levels:
📉 Support:
$0.0467 – Immediate support, recent 24h low
$0.0450 – Stronger historical zone, potential breakdown target
📈 Resistance:
$0.0510 – Minor resistance
$0.0520 – 24h high, key for bullish invalidation
📊 Trade Setup – SHORT ENTRY 💣
🔹 Entry: $0.0488 – $0.0495 (on retest or weak bounce)
🎯 TP1: $0.0467
🎯 TP2: $0.0450
🛑 SL: $0.0515 (Above key resistance)
💡 Risk Management 🛡️
Use 2-3% of your capital per trade. Stick to SL to manage losses and avoid over-leveraging. Discipline > FOMO.
🔻 Momentum favors bears – trade smart, stay sharp! 🔻
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