$VELVET is failing to hold the reclaim and giving sellers room while participation stays acceptable on the 1H chart.

Short | Futures | 1H
Entry: 0.4141 – 0.4159
TP1: 0.4078 (R:R 1:1.09)
TP2: 0.4046 (R:R 1:1.58)
TP3: 0.3996 (R:R 1:2.33)
Stop Loss: 0.4216

The lower and higher timeframes are leaning the same way; volume remains acceptable.
Risk: A 1h close above 0.4216 invalidates the short structure.

NFA. DYOR.