$VELODROME

Based on the latest VELODROME/USDT data update, I have some adjusted comments:

1. Recent developments:

- Current price: 0.1908-0.1909, down about 8.8-9%

- Trading volume has increased: 4.74M (buy) and 4.30M (sell)

- RSI(6) has dropped to 32.04, indicating oversold zone

- 5-day Large Inflow negative 39.99M, selling pressure remains strong

2. Scenario adjustment:

Scenario 1 (Probability of increase to 70%): Continue to decrease

- Test the support zone of 0.1728 (Bollinger Band DN)

- Selling volume remains high

- OBV continues to decline sharply, confirming the downtrend

Scenario 2 (Probability of decrease 30% remaining): Technical recovery

- There may be a slight recovery due to oversold RSI

- The nearest resistance is at MA20 (0.2178)

- Need to surpass 0.2188 (MB) to confirm the reversal

3. Important levels:

- New support: 0.1728 (DN), 0.1484 (old bottom)

- Resistance: 0.2178 (MA20), 0.2647 (UP)

Updated recommendations:

- Do not buy the bottom during this period

- Can wait for Short when the price recovers to the resistance zones

- If holding a Short position, can trailing stop to protect profits

- Wait for a strong reversal signal and confirmed volume before considering buying

Note: The market is in a strong downtrend, need to manage risks closely and should not use high leverage.