🔴 $VELVET BREAKS STRUCTURE UNDER KEY MOVING AVERAGES AS SELLER MOMENTUM TAKES CONTROL! 📉
Entry: 0.0728714 – 0.0731686 ⚡
Target: 0.0705907 🎯
Stop Loss: 0.0762590 🛑
📌 The daily tape on $VELVET reveals heavy distribution below both the 50 and 200 EMAs, leaving buyers struggling to reclaim meaningful territory. 📊 Trend strength confirms sellers are dictating terms, backed by a 15-minute ADX running at 43.5 while hourly RSI slips to 39.3.
💡 With mixed mid-timeframe dynamics, keeping positioning disciplined inside the supply pocket offers a tight, defined invalidation. 💬 Are you taking the short on this retest, or waiting for deeper bids to get swept first? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #VELVET #ShortSetup #PriceAction #Altcoins
🎯 🐻
Entry: 0.0728714 – 0.0731686 ⚡
Target: 0.0705907 🎯
Stop Loss: 0.0762590 🛑
📌 The daily tape on $VELVET reveals heavy distribution below both the 50 and 200 EMAs, leaving buyers struggling to reclaim meaningful territory. 📊 Trend strength confirms sellers are dictating terms, backed by a 15-minute ADX running at 43.5 while hourly RSI slips to 39.3.
💡 With mixed mid-timeframe dynamics, keeping positioning disciplined inside the supply pocket offers a tight, defined invalidation. 💬 Are you taking the short on this retest, or waiting for deeper bids to get swept first? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #VELVET #ShortSetup #PriceAction #Altcoins
🎯 🐻