$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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