๐ป $VELVET INSIDERS ARE FADING THIS BOUNCE AS BEARISH MOMENTUM GAINS CONTROL ๐ด
Entry: 0.0518732 - 0.0521268 โก
Target: 0.0494510 ๐
Stop Loss: 0.0553986 โ ๏ธ
Sellers are actively absorbing demand around the 0.0520000 supply block while the daily structure remains heavily weighed down. ๐ With 15-minute RSI sitting at 46.6 and elevated ATR signaling genuine intraday volatility, momentum is tilting firmly back in favor of the bears.
๐ก This is a textbook trend-continuation setup, aligned with dominant daily price action rather than fighting the tape. ๐ Unless buyers step up and reclaim lost overhead levels, order flow favors a disciplined slide straight into lower downside targets. ๐ฌ Do you expect $VELVET to flush straight to TP1, or will buyers mount a temporary defense here? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #VELVET #ShortSetup #Bearish #Crypto
๐ป ๐
Entry: 0.0518732 - 0.0521268 โก
Target: 0.0494510 ๐
Stop Loss: 0.0553986 โ ๏ธ
Sellers are actively absorbing demand around the 0.0520000 supply block while the daily structure remains heavily weighed down. ๐ With 15-minute RSI sitting at 46.6 and elevated ATR signaling genuine intraday volatility, momentum is tilting firmly back in favor of the bears.
๐ก This is a textbook trend-continuation setup, aligned with dominant daily price action rather than fighting the tape. ๐ Unless buyers step up and reclaim lost overhead levels, order flow favors a disciplined slide straight into lower downside targets. ๐ฌ Do you expect $VELVET to flush straight to TP1, or will buyers mount a temporary defense here? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #VELVET #ShortSetup #Bearish #Crypto
๐ป ๐
