$VELODROME USDT Short Opportunity 🔥💯

Entry: $0.1840 (below current price action)

Take Profit 1 (TP1): $0.1800

Take Profit 2 (TP2): $0.1760

Stop Loss (SL): $0.1880

Analysis:

Price is consolidating within a descending channel on the 30-minute chart.

Bearish momentum is increasing as the price approaches key support levels.

A decisive breakdown below $0.1840 could trigger a significant move to the downside.

Action Plan:

1. Entry: Enter a short position if the price closes below $0.1840 on a 30-minute candle.

2. Profit-Taking: Secure partial profits at TP1 and adjust your stop loss to lock in gains. Continue to trail your stop loss for additional downside potential toward TP2.

3. Risk Management: Adhere strictly to the stop loss at $0.1880 to minimize potential losses.

Trade Wisely!

Always prioritize risk management and stick to your plan.

#BinanceLaunchpoolBIO #GrayscaleHorizenTrust #Crypto2025Trends