🔴 $VELODROME Short Setup 🔴

Price is testing a key resistance area after a recent recovery attempt. The structure favors a bearish continuation if sellers defend resistance and momentum rolls over.

📉 Trading Plan Short $VELODROMEUUSDT

🎯 Entry: $0.01600 – $0.01610
• Wait for resistance rejection and 2–3 candle confirmation
• Best entries come on a failed breakout or lower-high formation

🛑 Stop Loss: $0.01670
• Above the structural resistance zone
• Provides protection against a squeeze and trend reversal

✅ TP1: $0.01550
• First support test and initial profit-taking zone

✅ TP2: $0.01480
• Major POC area from the Jun 14–15 consolidation range

✅ TP3: $0.01350
• Primary liquidation target and extended downside objective

⚠️ As long as price remains below $0.01670, the bearish structure remains intact. A rejection from the entry zone could trigger a move toward lower liquidity pockets and support levels.

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