🚨 $VELVET SHOWS HEAVYWEIGHT DISTRIBUTION AS SELLERS REASSERT MACRO BEARISH STRUCTURE 📉
Entry: 0.0712757 - 0.0717043 ⚡
Target: 0.0661116 🎯
Stop Loss: 0.0786612 ⚠️
$VELVET remains locked in a textbook macro markdown phase, trading well below its daily EMA50 and EMA200 alignment. 📊 While short-term lower timeframe buyers are attempting a brief recovery push, higher timeframe momentum shows firm seller dominance with ADX printing above 51.
📌 Price action is currently retesting the supply zone for premium short execution. 🔍 With the 1-hour RSI remaining capped below 45, any weak bounce offers favorable asymmetric positioning toward lower liquidity pools. 💬 What key structural pivot are you watching before managing risk on this setup? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #VELVET #ShortSetup #Bearish #Crypto #TechnicalAnalysis
📉 🎯
Entry: 0.0712757 - 0.0717043 ⚡
Target: 0.0661116 🎯
Stop Loss: 0.0786612 ⚠️
$VELVET remains locked in a textbook macro markdown phase, trading well below its daily EMA50 and EMA200 alignment. 📊 While short-term lower timeframe buyers are attempting a brief recovery push, higher timeframe momentum shows firm seller dominance with ADX printing above 51.
📌 Price action is currently retesting the supply zone for premium short execution. 🔍 With the 1-hour RSI remaining capped below 45, any weak bounce offers favorable asymmetric positioning toward lower liquidity pools. 💬 What key structural pivot are you watching before managing risk on this setup? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #VELVET #ShortSetup #Bearish #Crypto #TechnicalAnalysis
📉 🎯
