$VELODROME /USDT BEARISH OUTLOOK 📉
Short trade signal 🚨💯
Key Levels:
- Current Price: $0.1674
- Resistance Levels: $0.1720, $0.1760
- Support Levels: $0.1645, $0.1600
Trade Setup:
Short Entry:
- Entry Point: $0.1670
- Take Profit (TP):
- TP1: $0.1645
- TP2: $0.1600
- Stop Loss (SL): $0.1700
Risk Management:
- Risk/Reward Ratio: 1:2
- Position Size: 1-2% of total portfolio
Summary:
We are looking to short $VELODROME/USDT due to the recent bearish trend and the price breaking below key support levels. The current price action suggests further downside potential, making it an ideal setup for a short trade. 📉
Happy trading and may the market be in your favor! 📈💸