🚨 $VELVET

— Rejection SHORT Setup 📉

$VELVET is trading near a key resistance zone after a sharp 33%+ move. Momentum is extended, so a confirmed rejection around $0.635–$0.650 could trigger a pullback.

SHORT SETUP 🎯
Entry: $0.635 – $0.656
TP1: $0.615
TP2: $0.575
TP3: $0.550
TP4: $0.520
SL: $0.698

🔴 Key Trigger: Rejection below $0.650
A break below $0.615 could accelerate the downside toward the lower targets.

⚠️ $VELVET is highly volatile after a major pump. 40x leverage carries extreme liquidation risk — wait for confirmation and manage risk carefully.

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