📉 $VELVET TRAPPED UNDER THE TRENDLINE — SELLERS STILL IN CONTROL!
Entry: 0.4237 ⚡
Target 1: 0.4180 🎯
Target 2: 0.4121 🎯
Target 3: 0.4100 🎯
Stop Loss: 0.4350 ⚠️
📊 The descending trendline has denied every rally attempt since the recent swing high, with each lower high printing lower volume — a classic sign of distribution. 🦈 Smart money is likely building short positions here, waiting for a liquidity sweep above the line to fill resting buy stops before driving price lower.
💡 The setup is clean: a rejection at 0.4237 with a bearish candlestick confirmation opens the path toward the 0.4180 support, then 0.4121 and 0.4100. The stop above 0.4350 keeps the risk tight. 💬 Do you see a breakdown to these levels, or will the bulls reclaim the trendline first? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #VELVET #ShortSetup #Breakdown #Crypto #Trading
🐻 📉
Entry: 0.4237 ⚡
Target 1: 0.4180 🎯
Target 2: 0.4121 🎯
Target 3: 0.4100 🎯
Stop Loss: 0.4350 ⚠️
📊 The descending trendline has denied every rally attempt since the recent swing high, with each lower high printing lower volume — a classic sign of distribution. 🦈 Smart money is likely building short positions here, waiting for a liquidity sweep above the line to fill resting buy stops before driving price lower.
💡 The setup is clean: a rejection at 0.4237 with a bearish candlestick confirmation opens the path toward the 0.4180 support, then 0.4121 and 0.4100. The stop above 0.4350 keeps the risk tight. 💬 Do you see a breakdown to these levels, or will the bulls reclaim the trendline first? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #VELVET #ShortSetup #Breakdown #Crypto #Trading
🐻 📉