🚨 $VELVET REJECTS KEY RESISTANCE AS INSTITUTIONAL SELLERS DEFEND THE SUPPLY ZONE! 🔻
Entry: 0.6350 - 0.6800 🔴
Target: 0.6000 - 0.4684 🎯
Stop Loss: 0.7713 🛑
Price action on $VELVET confirms strong distribution around the 0.6550 supply level. Institutional order flow is exhibiting sharp seller absorption after sweeping buy-side liquidity, paving the way for downside expansion into discount support. 📊
As long as structure remains capped below invalidation, momentum heavily favors a systematic mark-down toward key demand pools below. 🔍
Are you positioning in the current premium supply block or waiting for a clean break below 0.6000 first? 🤔
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #VELVET #ShortSetup #MarketStructure #Crypto
🐻 🔻
Entry: 0.6350 - 0.6800 🔴
Target: 0.6000 - 0.4684 🎯
Stop Loss: 0.7713 🛑
Price action on $VELVET confirms strong distribution around the 0.6550 supply level. Institutional order flow is exhibiting sharp seller absorption after sweeping buy-side liquidity, paving the way for downside expansion into discount support. 📊
As long as structure remains capped below invalidation, momentum heavily favors a systematic mark-down toward key demand pools below. 🔍
Are you positioning in the current premium supply block or waiting for a clean break below 0.6000 first? 🤔
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #VELVET #ShortSetup #MarketStructure #Crypto
🐻 🔻