Everyone is staring at the 1D range, but the 4h just broke the floor. $VELVET /USDT is leaking.
$VELVET - 🟢 SHORT · Conf 80%
Trade Plan:
Entry: 0.1007605 – 0.1018395
SL: 0.1159143
TP1: 0.0903393
TP2: 0.0830322
TP3: 0.0720714
Why this setup?
- The 15m RSI is crushed at 24.22, meaning sellers are in full control without any bounce yet.
- My data flags this as a TREND move, not a dip-buy. The 4h structure is pushing lower while the daily chops sideways.
- Why now? The entry zone at 0.10130 is the line in the sand. A rejection here targets TP1 at 0.09034, a swift 10% drop.
- This is a trend-following bet, so momentum is on your side, but respect the invalidation at 0.11591. If we lose that, the short thesis is dead.
- The ATR (0.0041) is wide, so expect volatility. Do not add blindly; let the price come to you.
Debate:
Is 0.0903 the floor, or does the RSI bleed into the 0.0830 liquidity pool first?
Click here to view the chart 👇️
⚠️ Personal market analysis only. NFA — manage risk and DYOR.
$VELVET - 🟢 SHORT · Conf 80%
Trade Plan:
Entry: 0.1007605 – 0.1018395
SL: 0.1159143
TP1: 0.0903393
TP2: 0.0830322
TP3: 0.0720714
Why this setup?
- The 15m RSI is crushed at 24.22, meaning sellers are in full control without any bounce yet.
- My data flags this as a TREND move, not a dip-buy. The 4h structure is pushing lower while the daily chops sideways.
- Why now? The entry zone at 0.10130 is the line in the sand. A rejection here targets TP1 at 0.09034, a swift 10% drop.
- This is a trend-following bet, so momentum is on your side, but respect the invalidation at 0.11591. If we lose that, the short thesis is dead.
- The ATR (0.0041) is wide, so expect volatility. Do not add blindly; let the price come to you.
Debate:
Is 0.0903 the floor, or does the RSI bleed into the 0.0830 liquidity pool first?
Click here to view the chart 👇️
⚠️ Personal market analysis only. NFA — manage risk and DYOR.
