$VELODROME /USDT BEARISH OUTLOOK
Short trade signal 🚦
Future traders alert ⚠️
Key Levels:
- Resistance: $0.1436
- Support: $0.1316
- Current Price: $0.1413
Trade Setup:
- Entry: Short at $0.1413
- Take Profit (TP): $0.1350
- Stop Loss (SL): $0.1445
Risk Management:
- Risk/Reward Ratio: 1:2
- Position Size: Adjust to risk no more than 2% of your trading capital.
Summary:
We are looking to short $VELODROME/USDT due to the recent rejection at the resistance level of $0.1436. The price is currently at $0.1413 and is expected to move downwards towards the support level of $0.1350. The stop loss is set above the resistance level to minimize risk. 📉💸
Happy Trading! 📉💸