🚨 $VELVET BREAKDOWN ACCELERATES AS SELLERS PRESS HEAVY BELOW MULTI-TIMEFRAME RESISTANCE 📉
Entry: 0.0687048 – 0.0691352 ⚡
Target: 0.0643059 🎯
Stop Loss: 0.0750721 🛑
📌 Market structure on $VELVET has completely rolled over, trapped firmly beneath both the 50 and 200 EMAs across the daily and 4-hour frames.
📊 Order flow momentum is red-hot with the 15-minute ADX clocking a blistering 52.2, showing aggressive downside pressure dominating the order book.
💡 Even with price stretched over 3 ATR away from the hourly average, waiting for a retest into supply keeps risk razor-sharp before the next leg down. 🤔 Are you waiting for this relief bounce to trigger or fading the strength immediately? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #VELVET #ShortSetup #Bearish #PriceAction #Crypto
📉 ⚡
Entry: 0.0687048 – 0.0691352 ⚡
Target: 0.0643059 🎯
Stop Loss: 0.0750721 🛑
📌 Market structure on $VELVET has completely rolled over, trapped firmly beneath both the 50 and 200 EMAs across the daily and 4-hour frames.
📊 Order flow momentum is red-hot with the 15-minute ADX clocking a blistering 52.2, showing aggressive downside pressure dominating the order book.
💡 Even with price stretched over 3 ATR away from the hourly average, waiting for a retest into supply keeps risk razor-sharp before the next leg down. 🤔 Are you waiting for this relief bounce to trigger or fading the strength immediately? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #VELVET #ShortSetup #Bearish #PriceAction #Crypto
📉 ⚡