šØ $VELVET SHOWS HEAVY INSTITUTIONAL REJECTION AS DAILY EMA STRUCTURE SUPPRESSES BUYERS! š
Entry: 0.0718014 - 0.0724386 ā”
Target: 0.0655065 šÆ
Stop Loss: 0.0809381 ā ļø
The macro framework on $VELVET remains strictly bearish, with price trading below both the 50 and 200 daily EMAs. š Institutional distribution is evident as momentum metrics show sellers holding decisive control with ADX printing at a strong 45.2.
Any temporary push into the supply zone between 0.0718014 and 0.0724386 offers a textbook structural retest for smart money positioning. š Hourly RSI sits depressed at 39.2, confirming momentum continues to favor lower-side liquidity expansion.
With higher-timeframe order flow heavily favoring the downside, defending the structural invalidation level is essential. š¬ Are you waiting for a fill inside the supply block or watching for further structural breakdown? š
ā ļø Not financial advice. Always manage your risk. š”ļø
š·ļø #VELVET #ShortSetup #Crypto #TechnicalAnalysis #MarketStructure
š» š
Entry: 0.0718014 - 0.0724386 ā”
Target: 0.0655065 šÆ
Stop Loss: 0.0809381 ā ļø
The macro framework on $VELVET remains strictly bearish, with price trading below both the 50 and 200 daily EMAs. š Institutional distribution is evident as momentum metrics show sellers holding decisive control with ADX printing at a strong 45.2.
Any temporary push into the supply zone between 0.0718014 and 0.0724386 offers a textbook structural retest for smart money positioning. š Hourly RSI sits depressed at 39.2, confirming momentum continues to favor lower-side liquidity expansion.
With higher-timeframe order flow heavily favoring the downside, defending the structural invalidation level is essential. š¬ Are you waiting for a fill inside the supply block or watching for further structural breakdown? š
ā ļø Not financial advice. Always manage your risk. š”ļø
š·ļø #VELVET #ShortSetup #Crypto #TechnicalAnalysis #MarketStructure
š» š
