$VELODROME /USDT BEARISH ANALYSIS ⚠️📉

$VELODROME is in a bearish trend, currently trading at $0.0516 (-4.27%), showing pressure near recent lows.

🔑 Key Levels:

Support: $0.0500 – $0.0510 ✅

Resistance: $0.0550 – $0.0600 🚫

Bearish Target Zone: $0.0480 – $0.0450 ⚡

📊 Trade Setup (Short):

Entry: $0.0515 – $0.0520

Targets (TP):

TP1 🎯 $0.0500

TP2 🎯 $0.0480

TP3 🎯 $0.0450

Stop Loss (SL): Above $0.0550 🔒

⚖️ Risk Management:

Risk 2–3% of trading capital, monitor volume for potential reversal, and stick to SL to avoid unexpected volatility. ✅

💥 A break below $0.0500 could trigger further downside momentum!

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