Trading Plan Short $VELVET
$VELVET wicked into HTF resistance after a strong 1H push.
Entry: $0.4397-$0.4523
Stoploss: $0.4780
Targets: $0.4220 / $0.3950 / $0.3600
VELVET hit 0.4599 resistance, immediate rejection. Taker sell volume dominates at 0.75. Funding is rising, longs are paying to hold bags. Top traders are crowded long at 1.46, ripe for a squeeze. Daily chart is bearish, this 1H pump is a counter-trend move. Reclaim $0.4780, short voided.
Trade $VELVET here 👇
$VELVET wicked into HTF resistance after a strong 1H push.
Entry: $0.4397-$0.4523
Stoploss: $0.4780
Targets: $0.4220 / $0.3950 / $0.3600
VELVET hit 0.4599 resistance, immediate rejection. Taker sell volume dominates at 0.75. Funding is rising, longs are paying to hold bags. Top traders are crowded long at 1.46, ripe for a squeeze. Daily chart is bearish, this 1H pump is a counter-trend move. Reclaim $0.4780, short voided.
Trade $VELVET here 👇