$VELODROME /USDT short trade signal 🛑 🚦
SHOWING SIGNS OF BEARISH CONTINUATION — DEAD CAT BOUNCE IN PLAY?
VELODROME/USDT is attempting a minor recovery after a steep -10% drop, but the bounce appears weak and corrective. The price is hovering around $0.0531 with no strong bullish follow-through, and the series of lower highs remains intact. Unless price breaks above $0.0545 with momentum, sellers are likely to regain control.
Trade Setup:
Entry (Short): $0.0535
Take Profit (TP): $0.0512 / $0.0490
Stop Loss (SL): $0.0548
Market Outlook:
The overall trend is bearish with fading bullish volume during the current bounce. Price action remains under pressure, and the bounce looks like a temporary relief in a larger downtrend. Watch for a rejection below resistance for a continuation lower.
