$VELODROME just woke up and chose violence. ๐
If you blinked, you missed it. $VELODROME is up a massive +27% in the last 24 hours, currently sitting around $0.0393.
Looking at the 1H chart, we had a clean breakout from the $0.030 base, fueled by some serious volume. But before you hit that "Long" button, zoom into the 15m chart.
We just hit a hard brick wall at the 24h high of $0.0394. The 15m candles are showing some upper wicksโmeaning sellers are stepping in up here.$PHA
My take:
Do NOT FOMO at the absolute top. Chasing a 27% green candle is how you become exit liquidity.
Let the price cool off. If we can hold a retest around $0.0378 - $0.038, the bulls might take another swing at breaking $0.04. If we lose that level, it's back to the $0.036 playground.
Are you longing this pump or waiting for a pullback? ๐
#Velodrome #Velo #CircleMints500MUSDCOnSolana #PolymarketBankFailureBetsDrawFDICConcern
If you blinked, you missed it. $VELODROME is up a massive +27% in the last 24 hours, currently sitting around $0.0393.
Looking at the 1H chart, we had a clean breakout from the $0.030 base, fueled by some serious volume. But before you hit that "Long" button, zoom into the 15m chart.
We just hit a hard brick wall at the 24h high of $0.0394. The 15m candles are showing some upper wicksโmeaning sellers are stepping in up here.$PHA
My take:
Do NOT FOMO at the absolute top. Chasing a 27% green candle is how you become exit liquidity.
Let the price cool off. If we can hold a retest around $0.0378 - $0.038, the bulls might take another swing at breaking $0.04. If we lose that level, it's back to the $0.036 playground.
Are you longing this pump or waiting for a pullback? ๐
#Velodrome #Velo #CircleMints500MUSDCOnSolana #PolymarketBankFailureBetsDrawFDICConcern
