VELVET is slipping into a bearish corridor as the market eyes fresh supply ahead of the earnings window. The token’s momentum has stalled, setting the stage for a short swing.
🔴 $VELVET SHORT 📉
Entry $0.672227-$0.673573 | SL $0.693087 (-3.0%) | TP1 $0.662807 (+1.5%) | TP2 $0.639255 (+5.0%) | R/R 1:1.7 | Conf 64%
A clear CHoCH broke the previous higher low, and the CVD turned negative confirming the down move. The price is sitting inside a fresh FVG that overlaps an OB, creating a POI confluence, while a liquidity sweep ripped through the last swing high.
A 3.0% stop is relatively tight on this volatility, so a modest 5‑10x leverage keeps risk manageable.
Take partial profit around the first target as the price tests the lower edge of the FVG.
Not financial advice — always manage your own risk 🙏
$VELVET #VELVETUSDT #SMC #TradingSignals #Write2Earn
🔴 $VELVET SHORT 📉
Entry $0.672227-$0.673573 | SL $0.693087 (-3.0%) | TP1 $0.662807 (+1.5%) | TP2 $0.639255 (+5.0%) | R/R 1:1.7 | Conf 64%
A clear CHoCH broke the previous higher low, and the CVD turned negative confirming the down move. The price is sitting inside a fresh FVG that overlaps an OB, creating a POI confluence, while a liquidity sweep ripped through the last swing high.
A 3.0% stop is relatively tight on this volatility, so a modest 5‑10x leverage keeps risk manageable.
Take partial profit around the first target as the price tests the lower edge of the FVG.
Not financial advice — always manage your own risk 🙏
$VELVET #VELVETUSDT #SMC #TradingSignals #Write2Earn