$VELVET A key supply zone is being retested as the latest recovery wave shows signs of weakening.
Short trading plan $VELVET
Entry: 0.6148 - 0.6272
Stop loss: 0.672
Target 1: 0.602
Target 2: 0.588
Target 3: 0.567
The last price bounce pushed into a resistance zone where sellers begin absorbing demand. Buyers are finding it difficult to extend the recovery above this zone, leaving liquidity beneath the most recent structure exposed. If supply continues to hold, the next downturn may sweep the lower levels before another reaction occurs.
Trade $VELVET here 👇 :
Short trading plan $VELVET
Entry: 0.6148 - 0.6272
Stop loss: 0.672
Target 1: 0.602
Target 2: 0.588
Target 3: 0.567
The last price bounce pushed into a resistance zone where sellers begin absorbing demand. Buyers are finding it difficult to extend the recovery above this zone, leaving liquidity beneath the most recent structure exposed. If supply continues to hold, the next downturn may sweep the lower levels before another reaction occurs.
Trade $VELVET here 👇 :