$VELODROME Fades From The Top — A Logical Pullback In Play 🔻
Entry: 0.01600 - 0.01630 🔻
Target: 0.01520 / 0.01440 / 0.01350 🎯
Stop Loss: 0.01680 ⚠️
After an explosive vertical rally, the chart structure for $VELODROME is showing textbook exhaustion. The 4H timeframe reveals multiple rejection wicks near the resistance cluster, signaling that bullish momentum is stalling out. This isn't a trend reversal call, but rather a high-probability mean reversion setup. The vertical nature of the prior move left behind very little structural support, making the path lower toward unfilled liquidity pools look cleaner than a sustained breakout here. We are watching for a retracement to rebuild the base before the next impulse leg can begin.
Not financial advice. Manage your risk.