🔴 $VELODROME REJECTS UPPER CHANNEL RESISTANCE AS BEARISH MOMENTUM TAKES OVER! 📉
Entry: 0.0217 - 0.0224 🔻
Target: 0.0195 🎯
Stop Loss: 0.0229 ⚠️
The upper channel ceiling at 0.0228 just delivered a textbook rejection, proving buyers have lost their engine after a sharp rally. 📉 Supply is building rapidly as momentum flips downward, setting up a prime retracement wave.
📌 A decisive break below 0.0215 should accelerate sell flow straight into the 0.0195 demand zone. 🔍 Order flow favors short positioning while sellers hold the upper hand at resistance.
🤔 Will you position for this channel rejection or wait for support to crack? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #VELODROME #ShortSetup #Crypto #TechnicalAnalysis #Bearish
📉 🐻
Entry: 0.0217 - 0.0224 🔻
Target: 0.0195 🎯
Stop Loss: 0.0229 ⚠️
The upper channel ceiling at 0.0228 just delivered a textbook rejection, proving buyers have lost their engine after a sharp rally. 📉 Supply is building rapidly as momentum flips downward, setting up a prime retracement wave.
📌 A decisive break below 0.0215 should accelerate sell flow straight into the 0.0195 demand zone. 🔍 Order flow favors short positioning while sellers hold the upper hand at resistance.
🤔 Will you position for this channel rejection or wait for support to crack? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #VELODROME #ShortSetup #Crypto #TechnicalAnalysis #Bearish
📉 🐻