📉 Velodrome /USDT Short Setup: Rejection at Major Resistance

VELO is testing a key horizontal resistance on the 1H timeframe after a sharp recovery. Price is showing exhaustion near the 0.01500 psychological level — a clear supply zone. If rejection confirms with bearish candles + volume shift, a healthy pullback toward prior support is likely.

🔻 Short Idea (If Rejection Confirms)

Entry: 0.0148 – 0.0151

Stop Loss: 0.0158

Targets: 🎯 0.0140 → 🎯 0.0132 → 🎯 0.0125

Key Levels: 0.01500 resistance | 0.01400 intraday support | 0.01300 demand zone

Bias: Bearish below 0.01500, momentum flips bullish only on strong breakout + hold above resistance.$XRP

XRP

1.339

-6.41%