$VELODROME /USDT – Bearish Rejection Offers Short Opportunity

$VELODROME is currently trading at $0.0563, down -3.43%, after failing to hold above the $0.0596 resistance. With a 24h low of $0.0539 and decreasing volume (1.68M USDT), momentum is tilting bearish. Price action is struggling to reclaim key levels, signaling a possible further drop.

📉 Short Trade Setup:

• Entry Zone: $0.0565 – $0.0575

• Stop Loss: $0.0598

• Target 1: $0.0540

• Target 2: $0.0515

• Target 3: $0.0490

Trade Note: If price gets rejected again near $0.0570–0.0580 with weak buying pressure, expect further downside into demand zones below $0.0515.

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