VELO - Expecting more downward pressure

As expected VELO fell again today. There was not a lot of support around 2.5 and with such a red day (-8.58%) I expect it to fall further before finding stronger support.

I will be looking to re-enter when buying volume increases, either in the 2.2-2.3 area or in the 1.9-2.0 area.

Short term bearish, long term bullish.