๐ด $VELODROME Short Setup ๐ด
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.
๐ Trading Plan Short $VELODROMEUUSDT
๐ฏ Entry: $0.01600 โ $0.01610
โข Wait for resistance rejection and 2โ3 candle confirmation
โข Best entries come on a failed breakout or lower-high formation
๐ Stop Loss: $0.01670
โข Above the structural resistance zone
โข Provides protection against a squeeze and trend reversal
โ TP1: $0.01550
โข First support test and initial profit-taking zone
โ TP2: $0.01480
โข Major POC area from the Jun 14โ15 consolidation range
โ TP3: $0.01350
โข Primary liquidation target and extended downside objective
โ ๏ธ 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.
#VELODROMEUUSDT #ShortSetup #CryptoTrading #RiskManagement #TradingPlan ๐ด๐๐ฅ
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.
๐ Trading Plan Short $VELODROMEUUSDT
๐ฏ Entry: $0.01600 โ $0.01610
โข Wait for resistance rejection and 2โ3 candle confirmation
โข Best entries come on a failed breakout or lower-high formation
๐ Stop Loss: $0.01670
โข Above the structural resistance zone
โข Provides protection against a squeeze and trend reversal
โ TP1: $0.01550
โข First support test and initial profit-taking zone
โ TP2: $0.01480
โข Major POC area from the Jun 14โ15 consolidation range
โ TP3: $0.01350
โข Primary liquidation target and extended downside objective
โ ๏ธ 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.
#VELODROMEUUSDT #ShortSetup #CryptoTrading #RiskManagement #TradingPlan ๐ด๐๐ฅ
