$VELVET

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​Did you honestly think buying into a dying bounce after a massive double-top dump makes you an elite whale? Thanks for donating your liquidations to smart money!

​Trading signal: $VELVET: SHORT

Entry: $1.0400 - $1.0800

Stop Loss: $1.1750

Take Profit Targets

TP1: $0.9500

TP2: $0.9000

TP3: $0.7800

​Severe upper wick rejections below the $1.2473 peak accompanied by rapidly dying volume confirm a weak corrective relief bounce ripe for a deep breakdown toward the middle band.