$VELVET
**Current:** ~$0.146–0.16
**Bias:** 🔴 **Bearish / Short**
VELVET suffered a massive **~76% crash on Aug 24**, and today remains under heavy selling pressure. CMC’s latest analysis says bearish pressure remains below **$0.19**; a loss of **$0.14** could expose the **$0.125** area. ([CoinMarketCap][1])
**Short setup:**
🎯 Entry: **$0.155–0.175** on rejection
🛑 SL: **$0.190**
🎯 TP1: **$0.140**
🎯 TP2: **$0.125**
🎯 TP3: **$0.110**
⚠️ **High-risk trade:** after such a huge dump, a violent relief bounce is possible. Don't chase the short at the bottom; wait for rejection/retest.
**Key level:** 🔑 **$0.19** — reclaiming and holding above it would weaken the bearish setup. ([CoinMarketCap][1])#Velvet #crypto
**Current:** ~$0.146–0.16
**Bias:** 🔴 **Bearish / Short**
VELVET suffered a massive **~76% crash on Aug 24**, and today remains under heavy selling pressure. CMC’s latest analysis says bearish pressure remains below **$0.19**; a loss of **$0.14** could expose the **$0.125** area. ([CoinMarketCap][1])
**Short setup:**
🎯 Entry: **$0.155–0.175** on rejection
🛑 SL: **$0.190**
🎯 TP1: **$0.140**
🎯 TP2: **$0.125**
🎯 TP3: **$0.110**
⚠️ **High-risk trade:** after such a huge dump, a violent relief bounce is possible. Don't chase the short at the bottom; wait for rejection/retest.
**Key level:** 🔑 **$0.19** — reclaiming and holding above it would weaken the bearish setup. ([CoinMarketCap][1])#Velvet #crypto