🛑 Short Signal Alert: $VELODROME ⛔📛
💡 Current Price: $0.2101 (+8.69%)
The price of VELODROME is showing signs of exhaustion after testing the $0.2394 high. A descending trend is forming, suggesting potential bearish continuation. Traders, take note of this setup! 👇
📊 Key Levels to Watch:
🔹 Resistance: $0.2150 (Immediate), $0.2394 (24H High)
🔹 Support: $0.2050 (Key Zone), $0.1911 (24H Low)
🔻 Short Signal Setup:
Entry: $0.2100-$0.2150
Target 1: $0.2050
Target 2: $0.1950
Stop Loss: $0.2200
⚠️ Risk Management Tips:
🔒 Use tight stop-loss orders to limit risk.
📉 Take partial profits at the first target and let the rest ride if momentum continues.
👀 Monitor volume—lower volume may signal a weaker move.
💬 Thoughts? Will VELODROME retrace further or bounce back? Let us know!
