$VELVET
— Bears Are Taking Control 🩸📉
Some traders are expecting $VELVET to bounce 😂, but the price action is showing serious weakness.
$VELVET is currently around $0.6627, and another sharp drop could be on the table if support continues to fail.
🔴 Short Setup
📍 Entry: Around current levels
🛑 SL: $0.75
🎯 TP1: $0.50
🎯 TP2: $0.40
Don’t blindly chase the move—manage your position size and risk carefully. A strong reclaim above resistance could invalidate the bearish setup.
VELVETUSDT Perp — $0.6627
#VELVET #VELVETUSDT #Crypto #Trading #Short #Altcoins
— Bears Are Taking Control 🩸📉
Some traders are expecting $VELVET to bounce 😂, but the price action is showing serious weakness.
$VELVET is currently around $0.6627, and another sharp drop could be on the table if support continues to fail.
🔴 Short Setup
📍 Entry: Around current levels
🛑 SL: $0.75
🎯 TP1: $0.50
🎯 TP2: $0.40
Don’t blindly chase the move—manage your position size and risk carefully. A strong reclaim above resistance could invalidate the bearish setup.
VELVETUSDT Perp — $0.6627
#VELVET #VELVETUSDT #Crypto #Trading #Short #Altcoins