VELVET short setup: the levels I'm watching
đŽ SHORT $VELVET /USDT: expecting price to go DOWN
Bias: SHORT · Strong
Entry: 0.0563758 â 0.0566842
TP1: 0.0544851 (-3.6%)
TP2: 0.0531218 (-6.0%)
TP3: 0.0510769 (-9.6%)
SL: 0.0592565 (+4.8%)
Plan: enter only inside the zone, close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Why SHORT? 7/12 signals agree, 1 against.
âą Daily trend down (below EMA50 & EMA200)
âą 4h trend down (below EMA50 & EMA200)
âą 1h trend down (below EMA50 & EMA200)
Risk: Range bottom, buyers often step in (RSI z â2.72)
In plain words:
The daily trend reads bearish, and 7/12 signals aligned favour the short side. The plan is to work the 0.0563758 â 0.0566842 zone, scale out at 0.0544851 and 0.0531218, and stay patient for 0.0510769. A move through 0.0592565 means the idea is wrong and the stop does its job.
Does VELVET tag 0.0544851 first, or the stop?
đŽ SHORT $VELVET /USDT: expecting price to go DOWN
Bias: SHORT · Strong
Entry: 0.0563758 â 0.0566842
TP1: 0.0544851 (-3.6%)
TP2: 0.0531218 (-6.0%)
TP3: 0.0510769 (-9.6%)
SL: 0.0592565 (+4.8%)
Plan: enter only inside the zone, close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Why SHORT? 7/12 signals agree, 1 against.
âą Daily trend down (below EMA50 & EMA200)
âą 4h trend down (below EMA50 & EMA200)
âą 1h trend down (below EMA50 & EMA200)
Risk: Range bottom, buyers often step in (RSI z â2.72)
In plain words:
The daily trend reads bearish, and 7/12 signals aligned favour the short side. The plan is to work the 0.0563758 â 0.0566842 zone, scale out at 0.0544851 and 0.0531218, and stay patient for 0.0510769. A move through 0.0592565 means the idea is wrong and the stop does its job.
Does VELVET tag 0.0544851 first, or the stop?
