🔻 $VELVET REJECTED AT RESISTANCE — SHORT WINDOW OPENING 📉
Entry: 0.670–0.685 ⚡
Target: 0.620 / 0.550 / 0.440 🚀
Stop Loss: 0.7753 ⚠️
📊 The recovery run into the $0.68–$0.70 zone met a wall of supply — a textbook order block rejection with sellers defending the premium. A breakdown below $0.66 exposes the liquidity resting under the recent lows, giving shorts a clean path toward the measured moves at $0.62 and $0.55. ⚡ Volume is already thinning on the retest, suggesting the bid is fading fast.
💡 The invalidation is crisp: reclaim $0.7753 and the thesis dies. Until then, each dip below $0.66 should accelerate. 🔍 Watching for a low-volume sweep to confirm the next leg down. 💬 Are you shorting the rejection or waiting for a retest of $0.66 to break? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #VELVET #ShortSetup #Bearish #Crypto
🐻 📉
Entry: 0.670–0.685 ⚡
Target: 0.620 / 0.550 / 0.440 🚀
Stop Loss: 0.7753 ⚠️
📊 The recovery run into the $0.68–$0.70 zone met a wall of supply — a textbook order block rejection with sellers defending the premium. A breakdown below $0.66 exposes the liquidity resting under the recent lows, giving shorts a clean path toward the measured moves at $0.62 and $0.55. ⚡ Volume is already thinning on the retest, suggesting the bid is fading fast.
💡 The invalidation is crisp: reclaim $0.7753 and the thesis dies. Until then, each dip below $0.66 should accelerate. 🔍 Watching for a low-volume sweep to confirm the next leg down. 💬 Are you shorting the rejection or waiting for a retest of $0.66 to break? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #VELVET #ShortSetup #Bearish #Crypto
🐻 📉