$VELVET BIG SHORT SETUP LOADING? 😳
Guys, $VELVET is showing a strong bearish rejection on the 4H chart.
After an explosive move toward the $0.89 area, price has faced heavy selling pressure and has already dropped sharply toward $0.56.
The structure is now looking weak, and if the $0.55 support breaks with confirmation, another downside move could be possible.
SHORT ENTRY ZONE: $0.60 – $0.65
Aggressive Entry: Below $0.55 after confirmed
breakdown
🎯 TP1: $0.50
🎯 TP2: $0.45
🎯 TP3: $0.42
🎯 TP4: $0.38
STOP LOSS: $0.70
Key Levels to Watch: $0.65 → Major rejection area
$0.55 → Critical support
$0.50 → First downside target
If $VELVET loses $0.55, bearish momentum could accelerate toward the lower targets. But if price reclaims and holds above $0.65–$0.70, this short setup becomes invalid.
Important: #VELVET has already experienced extreme volatility, so don't chase the move. Wait for proper confirmation and manage your leverage carefully.
Big Crash Loading? Keep your eyes on $0.55! 👀🔥
Personal market analysis — Not Financial Advice. DYOR. ❤️
Short here 👇
Guys, $VELVET is showing a strong bearish rejection on the 4H chart.
After an explosive move toward the $0.89 area, price has faced heavy selling pressure and has already dropped sharply toward $0.56.
The structure is now looking weak, and if the $0.55 support breaks with confirmation, another downside move could be possible.
SHORT ENTRY ZONE: $0.60 – $0.65
Aggressive Entry: Below $0.55 after confirmed
breakdown
🎯 TP1: $0.50
🎯 TP2: $0.45
🎯 TP3: $0.42
🎯 TP4: $0.38
STOP LOSS: $0.70
Key Levels to Watch: $0.65 → Major rejection area
$0.55 → Critical support
$0.50 → First downside target
If $VELVET loses $0.55, bearish momentum could accelerate toward the lower targets. But if price reclaims and holds above $0.65–$0.70, this short setup becomes invalid.
Important: #VELVET has already experienced extreme volatility, so don't chase the move. Wait for proper confirmation and manage your leverage carefully.
Big Crash Loading? Keep your eyes on $0.55! 👀🔥
Personal market analysis — Not Financial Advice. DYOR. ❤️
Short here 👇