$VELODROME /USDT – BEARS PUSH PRICE TOWARD CRITICAL SUPPORT
VELODROME failed to sustain above 0.0614 and has been in a steady decline, now trading at 0.0582, close to its 0.0576 24h low. Sellers are in control, and a breakdown below 0.0576 could accelerate the drop toward 0.0565. Bulls must reclaim 0.0595 to slow the bearish momentum.
Trade Setup:
Entry Zone (Short): 0.0583 – 0.0586
Take Profit 1: 0.0576
Take Profit 2: 0.0565
Stop Loss: 0.0596
Market Outlook:
Short-term sentiment remains bearish. Breaking 0.0576 would likely invite further selling, while a quick bounce above 0.0595 could shift momentum toward consolidation.
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