$VELVET BEARS JUST TURNED THE TIDE โ REJECTION AT 1.17 OPENS THE SHORT ๐ป๐
Entry: 1.14 - 1.17 โก
Target: 1.05, 0.90, 0.62 ๐ฏ
Stop Loss: 1.38 ๐
The rally off the lows slammed straight into that 1.17 wall and got swatted back โ classic first-touch rejection. Volume is thinning out while sellers stack asks at the top, and that's the fingerprint of distribution, not accumulation. ๐
If bearish pressure holds below the 1.14โ1.17 zone, price opens up a retrace path toward 1.05, then 0.90, with the 0.62 extension in play if the flush accelerates. ๐ก Watch for a reclaim above 1.17 โ that's the only thing that kills this trade. ๐ค Are you early with the short or waiting for a clean cleanup below 1.14? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #VELVET #ShortSetup #RejectionTrade #Crypto
๐ป ๐ฏ
Entry: 1.14 - 1.17 โก
Target: 1.05, 0.90, 0.62 ๐ฏ
Stop Loss: 1.38 ๐
The rally off the lows slammed straight into that 1.17 wall and got swatted back โ classic first-touch rejection. Volume is thinning out while sellers stack asks at the top, and that's the fingerprint of distribution, not accumulation. ๐
If bearish pressure holds below the 1.14โ1.17 zone, price opens up a retrace path toward 1.05, then 0.90, with the 0.62 extension in play if the flush accelerates. ๐ก Watch for a reclaim above 1.17 โ that's the only thing that kills this trade. ๐ค Are you early with the short or waiting for a clean cleanup below 1.14? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #VELVET #ShortSetup #RejectionTrade #Crypto
๐ป ๐ฏ