$VELVET — Longs Take Another Hit
VELVET recorded a $2.0661K long liquidation at $0.10331 on Binance. This suggests leveraged buyers were forced to exit around the $0.1033 area. If $0.1025 holds, a recovery toward $0.105–$0.108 could develop. A break below $0.100 may bring stronger selling pressure.
Trade Setup: Entry $0.1025–$0.1035 | Target $0.105–$0.108 | Stop Loss $0.0998
Risk Management: Avoid entering immediately after the liquidation. Give price time to stabilize, use conservative leverage, and keep your position size aligned with the stop-loss distance.
Disclaimer: This post is based on my personal interpretation of the liquidation data provided and should not be considered financial advice. Always do your own research and understand the risks before trading.
#NYSilverFuturesDrop3%
#SchwabPlansToAddSOLAVAXLINKTrading
#USShortTermTreasuryYieldsJump
#TrumpSaysUSReachedVenezuelaOilDeal
#WarshSaysInflationIsFedTopFocus
VELVET recorded a $2.0661K long liquidation at $0.10331 on Binance. This suggests leveraged buyers were forced to exit around the $0.1033 area. If $0.1025 holds, a recovery toward $0.105–$0.108 could develop. A break below $0.100 may bring stronger selling pressure.
Trade Setup: Entry $0.1025–$0.1035 | Target $0.105–$0.108 | Stop Loss $0.0998
Risk Management: Avoid entering immediately after the liquidation. Give price time to stabilize, use conservative leverage, and keep your position size aligned with the stop-loss distance.
Disclaimer: This post is based on my personal interpretation of the liquidation data provided and should not be considered financial advice. Always do your own research and understand the risks before trading.
#NYSilverFuturesDrop3%
#SchwabPlansToAddSOLAVAXLINKTrading
#USShortTermTreasuryYieldsJump
#TrumpSaysUSReachedVenezuelaOilDeal
#WarshSaysInflationIsFedTopFocus