📉 Trend under control: executing the short at $VELVET
While others try to catch falling knives, the market keeps moving according to the strict laws of Smart Money. We break down the current bearish setup.🧠
📈 Trading plan:
Entry Zone: 0,6800 – 0,7050 USD (build the short position on a test of local resistance and a bearish order block).
TP: 0,5800 – 0,6300 USD (target for a retest of local lows and testing deeper support levels).
SL: 0,7250 USD (set above the top boundary of the order block; a close above will invalidate the scenario).
#BinanceSquare #cryptotrading #TechnicalAnalysis #smartmoney #altcoins
While others try to catch falling knives, the market keeps moving according to the strict laws of Smart Money. We break down the current bearish setup.🧠
📈 Trading plan:
Entry Zone: 0,6800 – 0,7050 USD (build the short position on a test of local resistance and a bearish order block).
TP: 0,5800 – 0,6300 USD (target for a retest of local lows and testing deeper support levels).
SL: 0,7250 USD (set above the top boundary of the order block; a close above will invalidate the scenario).
#BinanceSquare #cryptotrading #TechnicalAnalysis #smartmoney #altcoins