🚨 $VELVET SHORT SETUP — SELLERS EYEING A PULLBACK 📉
$VELVET has pushed into a major upper pressure zone, while bullish momentum is starting to fade.
📉 Bias: Short
🎯 Target Zone: 0.70–0.80
🛑 Stop Loss: 1.23
If price fails to break and hold above the recent high, a deeper retracement could follow as sellers step back in.
⚠️ Trade with proper risk management and wait for confirmation before entering.
Will $VELVET finally reverse from this resistance zone? 👀
$VELVET has pushed into a major upper pressure zone, while bullish momentum is starting to fade.
📉 Bias: Short
🎯 Target Zone: 0.70–0.80
🛑 Stop Loss: 1.23
If price fails to break and hold above the recent high, a deeper retracement could follow as sellers step back in.
⚠️ Trade with proper risk management and wait for confirmation before entering.
Will $VELVET finally reverse from this resistance zone? 👀