🚨 $VELVET FACES HEAVY SUPPLY AT PREMIUM ZONE AS BEARISH TREND RESUMES! 📉
Entry: 0.0524638 - 0.0527362 ⚡
Target: 0.0503061 🎯
Stop Loss: 0.0556585 ⚠️
📌 Price action on $VELVET is currently testing a premium supply zone between 0.0524638 and 0.0527362, aligning cleanly with broader daily structural weakness. 🔍 Lower timeframe momentum shows room for downward expansion, with the 15m RSI at 46.98 leaving clear runway before hitting oversold territory.
📊 Order flow dynamics indicate smart money positioning for a liquidity hunt toward lower targets at 0.0503061 and 0.0487768, supported by 1h ATR volatility metrics. 💡 Market structure remains firmly tilted downward unless price invalidates the setup above 0.0556585. 💬 Do you expect price to reach TP2 directly, or will buyers attempt a structural reclaim first? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #VELVET #ShortSetup #Bearish #MarketStructure #Crypto
📉 🐻
Entry: 0.0524638 - 0.0527362 ⚡
Target: 0.0503061 🎯
Stop Loss: 0.0556585 ⚠️
📌 Price action on $VELVET is currently testing a premium supply zone between 0.0524638 and 0.0527362, aligning cleanly with broader daily structural weakness. 🔍 Lower timeframe momentum shows room for downward expansion, with the 15m RSI at 46.98 leaving clear runway before hitting oversold territory.
📊 Order flow dynamics indicate smart money positioning for a liquidity hunt toward lower targets at 0.0503061 and 0.0487768, supported by 1h ATR volatility metrics. 💡 Market structure remains firmly tilted downward unless price invalidates the setup above 0.0556585. 💬 Do you expect price to reach TP2 directly, or will buyers attempt a structural reclaim first? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #VELVET #ShortSetup #Bearish #MarketStructure #Crypto
📉 🐻
