š Short Signal Alert: $VELODROME āš
š” 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! š
š Key Levels to Watch:
š¹ Resistance: $0.2150 (Immediate), $0.2394 (24H High)
š¹ Support: $0.2050 (Key Zone), $0.1911 (24H Low)
š» Short Signal Setup:
Entry: $0.2100-$0.2150
Target 1: $0.2050
Target 2: $0.1950
Stop Loss: $0.2200
ā ļø Risk Management Tips:
š Use tight stop-loss orders to limit risk.
š Take partial profits at the first target and let the rest ride if momentum continues.
š Monitor volumeālower volume may signal a weaker move.
š¬ Thoughts? Will VELODROME retrace further or bounce back? Let us know!