$VELVET BOUNCE STALLS AT RESISTANCE AS BUY-SIDE EXHAUSTION SETS IN! 🚨 📉
Entry: 0.6663 🔻
Target 1: 0.6445 🎯
Target 2: 0.6227 💥
Target 3: 0.601 📉
Stop Loss: 0.7099 ⚠️
The recent relief rally on $VELVET is slamming into a heavy wall of sellers right near local highs. 📊 Upward momentum has completely lost its punch as volume dries up, signaling classic buyer exhaustion before a structural shift lower.
Order flow indicates bids are stepping back while overhead supply continues to build. ⚡ With minimal aggressive buying interest left to defend these elevated levels, the path of least resistance points straight into lower liquidity targets.
💬 Are you positioning for this rollover down to key demand or waiting for further confirmation? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #VELVET #ShortSetup #CryptoTrading #Bearish #Altcoins
🔻 📉
Entry: 0.6663 🔻
Target 1: 0.6445 🎯
Target 2: 0.6227 💥
Target 3: 0.601 📉
Stop Loss: 0.7099 ⚠️
The recent relief rally on $VELVET is slamming into a heavy wall of sellers right near local highs. 📊 Upward momentum has completely lost its punch as volume dries up, signaling classic buyer exhaustion before a structural shift lower.
Order flow indicates bids are stepping back while overhead supply continues to build. ⚡ With minimal aggressive buying interest left to defend these elevated levels, the path of least resistance points straight into lower liquidity targets.
💬 Are you positioning for this rollover down to key demand or waiting for further confirmation? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #VELVET #ShortSetup #CryptoTrading #Bearish #Altcoins
🔻 📉