๐จ
$VELVET REJECTS RESISTANCE AS HEAVY INSTITUTIONAL SELLING DRIVES THE 4H DOWNTREND ๐
Entry: 0.0789263 - 0.0792737 โก
Target: 0.0756264 ๐
Stop Loss: 0.0837315 โ ๏ธ
While retail traders hunt for a local top, the 4H structure on
$VELVET continues printing clean lower highs, confirming sustained sell-side distribution. Lower timeframe momentum remains heavily aligned with institutional order flow, with the 15-minute RSI sitting at 41.88 to reflect control by sellers. ๐
This trend-following position plays strictly with the macro directional flow, targeting downside liquidity pools at key support levels. ๐ Maintaining a tight invalidation above resistance ensures crisp risk-to-reward parameters while navigating daily volatility. ๐
Is the 0.0756264 target merely the first liquidity sweep, or will daily range chop trap short positions early? ๐ค
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ
#VELVET #ShortSetup #Crypto #MarketStructure ๐ ๐ป