Guy's open massive short on $VELVET as it is completely broken down
Short $VELVET
Entry: 0.190 - 0.250
SL: 0.350
TP1: 0.180
TP2: 0.165
TP3: 0.145
TP4: 0.125
Why: VELVET has suffered a massive breakdown, dropping over 70% from the recent high of 0.9126. Price remains below the MA(7) and MA(25), while the overall 5m structure is strongly bearish. Any bounce into the 0.190-0.205 zone could face selling pressure and provide a short opportunity toward the recent low and lower support levels.
📩 DM me on X to know how to join my premium group for high quality trade setups.
#Altcoin Season# #Macro Insights#
Short $VELVET
Entry: 0.190 - 0.250
SL: 0.350
TP1: 0.180
TP2: 0.165
TP3: 0.145
TP4: 0.125
Why: VELVET has suffered a massive breakdown, dropping over 70% from the recent high of 0.9126. Price remains below the MA(7) and MA(25), while the overall 5m structure is strongly bearish. Any bounce into the 0.190-0.205 zone could face selling pressure and provide a short opportunity toward the recent low and lower support levels.
📩 DM me on X to know how to join my premium group for high quality trade setups.
#Altcoin Season# #Macro Insights#
