Velodrome Facing Resistance โ A Pullback Setup on $VELODROME
Entry: 0.01610 โ 0.01620 ๐ป
Target: 0.01550 / 0.01480 / 0.01400 ๐ฏ
Stop Loss: 0.01675 ๐ก๏ธ
Price action is getting interesting here. After that strong impulsive rally, $VELODROME is now printing clear rejection candles right beneath the local highs around 0.0165โ0.0167. Buyers seem to be losing steam, and the structure looks overextended on the 1H chart.
This suggests a corrective pullback is becoming the higher-probability scenario. A clean break below 0.01590 would add solid bearish confirmation, opening the path toward the previous breakout support levels.
Not financial advice. Manage your risk.
#VELODROME #ShortSetup #CryptoTrading #Altcoins #TradingSignals
Entry: 0.01610 โ 0.01620 ๐ป
Target: 0.01550 / 0.01480 / 0.01400 ๐ฏ
Stop Loss: 0.01675 ๐ก๏ธ
Price action is getting interesting here. After that strong impulsive rally, $VELODROME is now printing clear rejection candles right beneath the local highs around 0.0165โ0.0167. Buyers seem to be losing steam, and the structure looks overextended on the 1H chart.
This suggests a corrective pullback is becoming the higher-probability scenario. A clean break below 0.01590 would add solid bearish confirmation, opening the path toward the previous breakout support levels.
Not financial advice. Manage your risk.
#VELODROME #ShortSetup #CryptoTrading #Altcoins #TradingSignals