$VELVET

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​Trading signal: $VELVET: SHORT

Entry: $0.6550 - $0.6650

Stop Loss: $0.7050

Take Profit Targets

TP1: $0.6110

TP2: $0.5600

TP3: $0.4850

​A clear failure to sustain above MA(7) with drying volume and heavy overhead resistance under the 0.70 psychological level signals an imminent breakdown toward the middle Bollinger Band.