$VELODROME BEARISH CONTINUATION ALERT
Price action shows strong bearish momentum with repeated rejections at resistance and breakdown below key support levels. SAR and moving averages confirm sellers are dominating, signaling further downside potential.
Short Entry: Below 0.01799
Targets (TP): TP1 – 0.01786 | TP2 – 0.01769 | TP3 – 0.01750
Stop Loss (SL): Above recent swing high at 0.01866
Risk Management: Use moderate position sizing, trail stop to protect capital, avoid over-leveraging in volatile conditions.
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VELODROMEUSDT
Perp
0.01671
-4.67%