Spot Trading Strategy $VELODROME
1. Entry Point:
Sell VELODROME at $0.1994 or if it shows signs of weakness near this level.
2. Targets:
First: $0.1500 (3.33x profit)
Second: $0.1000 (10x profit)
3. Stop-Loss:
Set at $0.22 to protect against sudden upward movement.
4. Capital Allocation:
Use $1 to short VELODROME in the spot market (no leverage).
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#Futures Trading Strategy
1. Leverage:
Use 3x leverage to maximize potential returns on the downside.
2. Entry Point:
Enter a short position if the price breaks below $0.1950.
3. Targets:
First: $0.1500
Second: $0.1000
4. Stop-Loss:
Set at $0.22 to limit potential losses.
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Risk Management
Allocation:
Split your $1 between spot and futures: $0.50 for each to balance risk.
Monitoring:
Watch for further weakness in the market and keep track of any developments in VELODROME’s price movement.
Diversification:
Consider diversifying across multiple assets to hedge against potential losses.
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By following this bearish strategy, you can maximize your chances of turning $1 into $10 in a downtrend scenario with VELODROME/USDT. Stay cautious and monitor closely!
