Guys $VELVET is setting up for a potential short breakdown 📉
Entry: 0.0573 - 0.0576
🎯 TP1: 0.0570
🎯 TP2: 0.0560
Longs are heavily overcrowded near 69% while price continues to drift under key moving averages with consecutive bearish candles.
If support at 0.0570 gives way, long liquidation pressure could accelerate price toward 0.0560.
Keep an eye on the support break 👀
Entry: 0.0573 - 0.0576
🎯 TP1: 0.0570
🎯 TP2: 0.0560
Longs are heavily overcrowded near 69% while price continues to drift under key moving averages with consecutive bearish candles.
If support at 0.0570 gives way, long liquidation pressure could accelerate price toward 0.0560.
Keep an eye on the support break 👀