๐จ $VELODROME HEAVY REJECTION AT 0.0270 SETS UP EXPENSIVE BEARISH TRAP ๐
Entry: 0.02640 - 0.02670 ๐ป
Target 1: 0.02550 ๐
Target 2: 0.02470 ๐ฏ
Target 3: 0.02370 ๐ฅ
Stop Loss: 0.02735 โ ๏ธ
Buyers just ran out of gas right into heavy overhead supply at 0.0270, leaving behind a clear exhaustion wick on the 1H timeframe. ๐ Sellers are stepping in aggressively to defend this ceiling while momentum shifts downward, creating a clean environment for a swift retracement toward lower support shelves.
๐ A confirmed breakdown below 0.0264 gives short sellers complete control of the order flow down to 0.02370. ๐ฌ Are you shorting this exhaustion move or waiting for a deeper liquidity sweep below support? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #VELODROME #ShortSetup #Crypto #Trading #Bearish
๐ป ๐ป
Entry: 0.02640 - 0.02670 ๐ป
Target 1: 0.02550 ๐
Target 2: 0.02470 ๐ฏ
Target 3: 0.02370 ๐ฅ
Stop Loss: 0.02735 โ ๏ธ
Buyers just ran out of gas right into heavy overhead supply at 0.0270, leaving behind a clear exhaustion wick on the 1H timeframe. ๐ Sellers are stepping in aggressively to defend this ceiling while momentum shifts downward, creating a clean environment for a swift retracement toward lower support shelves.
๐ A confirmed breakdown below 0.0264 gives short sellers complete control of the order flow down to 0.02370. ๐ฌ Are you shorting this exhaustion move or waiting for a deeper liquidity sweep below support? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #VELODROME #ShortSetup #Crypto #Trading #Bearish
๐ป ๐ป