VELVET/USDT SHORT
Trade Plan
Entry: 0.6350 – 0.6500
Stop Loss: 0.6690
TP1: 0.6100
TP2: 0.5900
TP3: 0.5550
VELVET rallied sharply from 0.4722 to 0.6996, but the current structure is showing weakness. Price is now below both the MA(7) 0.6375 and MA(25) 0.6562, suggesting short-term momentum has shifted bearish. The 0.6350–0.6500 region is the preferred resistance/retest zone. A rejection there could send price toward the MA(99) around 0.6001 and then lower support.
$VELVET
Trade Plan
Entry: 0.6350 – 0.6500
Stop Loss: 0.6690
TP1: 0.6100
TP2: 0.5900
TP3: 0.5550
VELVET rallied sharply from 0.4722 to 0.6996, but the current structure is showing weakness. Price is now below both the MA(7) 0.6375 and MA(25) 0.6562, suggesting short-term momentum has shifted bearish. The 0.6350–0.6500 region is the preferred resistance/retest zone. A rejection there could send price toward the MA(99) around 0.6001 and then lower support.
$VELVET