🚨 $VELVET SHORT SETUP — DOWNTREND STILL IN CONTROL 📉
$VELVET is getting crushed today — -32%+ in 24H — and the 15M chart is showing a clear sequence of lower highs + lower lows.
Current Price: $0.7014
🔴 SHORT ENTRY: $0.702 – $0.715
🎯 TP1: $0.690
🎯 TP2: $0.675
🎯 TP3: $0.650
🛑 STOP LOSS: $0.728
⚠️ Key Resistance: $0.715 – $0.728
If price rejects this zone, sellers could push for another leg down.
🔥 The important level is $0.7006, today's low.
A clean breakdown below it can accelerate momentum.
❌ SHORT INVALIDATION:
15M candle closes strongly above $0.728.
Risk Management:
Keep risk small. 1–2% of trading capital max on this setup. Don't chase a vertical candle; wait for a rejection/retest.
Trend = BEARISH
Bias = SHORT ON BOUNCES
Confirmation = Break below $0.7006
Not financial advice. Trade the levels, not the emotion.
$VELVET
$VELVET is getting crushed today — -32%+ in 24H — and the 15M chart is showing a clear sequence of lower highs + lower lows.
Current Price: $0.7014
🔴 SHORT ENTRY: $0.702 – $0.715
🎯 TP1: $0.690
🎯 TP2: $0.675
🎯 TP3: $0.650
🛑 STOP LOSS: $0.728
⚠️ Key Resistance: $0.715 – $0.728
If price rejects this zone, sellers could push for another leg down.
🔥 The important level is $0.7006, today's low.
A clean breakdown below it can accelerate momentum.
❌ SHORT INVALIDATION:
15M candle closes strongly above $0.728.
Risk Management:
Keep risk small. 1–2% of trading capital max on this setup. Don't chase a vertical candle; wait for a rejection/retest.
Trend = BEARISH
Bias = SHORT ON BOUNCES
Confirmation = Break below $0.7006
Not financial advice. Trade the levels, not the emotion.
$VELVET