$VELVET EXHAUSTION AFTER PARABOLIC RALLY — SHORT SETUP ACTIVE 🔥
Entry: 0.5648 🔥
Target: 0.4711 🚀
Stop Loss: 0.6119 ⚠️
The sharp reversal off the highs is a textbook exhaustion pattern following a volatile run. Price rejected a key resistance zone with authority, and the speed of the pullback suggests sellers are now in control.
This setup at 0.5648 offers a 1:2 risk-to-reward if the target is hit, with a tight stop above the recent highs. Volume on the rejection candle was elevated, confirming selling interest. Are you shorting this or waiting for a retest of the breakdown level?
Not financial advice. Always manage your risk.
#VELVET #ShortSetup #Exhaustion #Crypto
🔥
Entry: 0.5648 🔥
Target: 0.4711 🚀
Stop Loss: 0.6119 ⚠️
The sharp reversal off the highs is a textbook exhaustion pattern following a volatile run. Price rejected a key resistance zone with authority, and the speed of the pullback suggests sellers are now in control.
This setup at 0.5648 offers a 1:2 risk-to-reward if the target is hit, with a tight stop above the recent highs. Volume on the rejection candle was elevated, confirming selling interest. Are you shorting this or waiting for a retest of the breakdown level?
Not financial advice. Always manage your risk.
#VELVET #ShortSetup #Exhaustion #Crypto
🔥