🔻 $VELVET RETESTS BROKEN STRUCTURE AFTER SELLER FLUSH FOR SHORT CONTINUATION 🐻
Entry: 0.1118 - 0.1148 ⚡
Target: 0.1080 / 0.0960 / 0.0800 🎯
Stop Loss: 0.1220 ⚠️
$VELVET flushed key local liquidity in yesterday's drop, leaving behind a clear market structure break across the 1H and 4H timeframes. The current corrective relief toward $0.1150 lacks buy-side conviction, printing a textbook retest of broken support now acting as strong overhead supply. 🔍
Open interest surged 7.8% during the sell-off while aggressive taker volume dominated order flow, signaling institutional participation on the short side. With funding remaining positive, late long positions remain primed for further liquidation as sellers defend the structure. 📊
💬 Are you positioning short on this weak retest or waiting for a full sweep of the $0.0800 liquidity target? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #VELVET #ShortSetup #MarketStructure #Crypto
🐻 🩸
Entry: 0.1118 - 0.1148 ⚡
Target: 0.1080 / 0.0960 / 0.0800 🎯
Stop Loss: 0.1220 ⚠️
$VELVET flushed key local liquidity in yesterday's drop, leaving behind a clear market structure break across the 1H and 4H timeframes. The current corrective relief toward $0.1150 lacks buy-side conviction, printing a textbook retest of broken support now acting as strong overhead supply. 🔍
Open interest surged 7.8% during the sell-off while aggressive taker volume dominated order flow, signaling institutional participation on the short side. With funding remaining positive, late long positions remain primed for further liquidation as sellers defend the structure. 📊
💬 Are you positioning short on this weak retest or waiting for a full sweep of the $0.0800 liquidity target? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #VELVET #ShortSetup #MarketStructure #Crypto
🐻 🩸
