$VELVET/USDT SHORT
Entry: 0.850 – 0.875
SL: 0.915
TP1: 0.820
TP2: 0.790
TP3: 0.750
VELVET is showing the clearest bearish structure of the three. Price collapsed from 1.2473 and is trading below all three moving averages: MA(7) 0.8705, MA(25) 0.9784, and MA(99) 1.0503. The recent bounce toward the 0.87 area is relatively weak, suggesting sellers are still controlling the 15M trend. A rejection around 0.850–0.875 could send price back toward the recent low at 0.8200 and potentially lower.
$VELVET
Entry: 0.850 – 0.875
SL: 0.915
TP1: 0.820
TP2: 0.790
TP3: 0.750
VELVET is showing the clearest bearish structure of the three. Price collapsed from 1.2473 and is trading below all three moving averages: MA(7) 0.8705, MA(25) 0.9784, and MA(99) 1.0503. The recent bounce toward the 0.87 area is relatively weak, suggesting sellers are still controlling the 15M trend. A rejection around 0.850–0.875 could send price back toward the recent low at 0.8200 and potentially lower.
$VELVET