$VELODROME Long Liquidation: $4.9746K at $0.18407
The $VELODROME market just witnessed a significant long liquidation of $4.9746K at $0.18407.
This liquidation highlights mounting bearish pressure as bulls fail to defend critical support levels.
The question remains—will the downtrend persist, or is a reversal on the horizon?
Key Details:
Liquidation Amount: $4.9746K
Price Level: $0.18407
Market Sentiment: The bears are in control, forcing leveraged bulls out of their positions and driving prices lower.
Next Move:
1. Support Zone: Keep an eye on $0.18000 as the next key support. A breakdown here could accelerate selling.
2. Momentum Analysis: Watch for a decline in selling volume, which could signal potential exhaustion and a chance for bulls to regain strength.
3. Actionable Strategy:
For Bears: Target lower levels but prepare for potential rebounds near support.
Lock in profits with stop-losses.
For Bulls: Wait for stabilization above $0.18500 or clear reversal patterns before re-entering.
The pressure is building, and $VELODROME is poised for its next big move.
Stay vigilant—opportunity is in the volatility!