A tight consolidation is forming near the recent high, with bearish imbalance still visible in the price action.
$VELVET – SHORT
Entry: 0.6745–0.6765
SL: 0.6830
TP1: 0.6710
TP2: 0.6605
TP3: 0.6540
The market is respecting the upper order‑block and filling the fair‑value gap, while volume has tapered off, supporting a downside move toward the lower support cluster.
$VELVET – SHORT
Entry: 0.6745–0.6765
SL: 0.6830
TP1: 0.6710
TP2: 0.6605
TP3: 0.6540
The market is respecting the upper order‑block and filling the fair‑value gap, while volume has tapered off, supporting a downside move toward the lower support cluster.