$VELVET USDT SHORT UPDATE
Short trade is moving down as expected.
Price: 0.729 24H Low: 0.7214
Sellers are still in control after the sharp rejection from higher levels. If 0.7210 breaks with volume, the next downside zone can be 0.7000–0.6800.
Trade Setup: Entry: 0.74–0.78 TP1: 0.721 TP2: 0.700 TP3: 0.680 SL: 0.805
#ChinaJulyOutputRetailInvestmentAllMiss #CMESeptemberHikeOddsFallTo30.6%
Short trade is moving down as expected.
Price: 0.729 24H Low: 0.7214
Sellers are still in control after the sharp rejection from higher levels. If 0.7210 breaks with volume, the next downside zone can be 0.7000–0.6800.
Trade Setup: Entry: 0.74–0.78 TP1: 0.721 TP2: 0.700 TP3: 0.680 SL: 0.805
#ChinaJulyOutputRetailInvestmentAllMiss #CMESeptemberHikeOddsFallTo30.6%
