$VELVET All eyes focus on major fluctuations, but this 15-minute signal for VELVET/USDT confirms a strong bearish wave and sharp selling pressure after recording a drop of 28.68% and touching a low of $0.1283 before a temporary stabilization at $0.1333! 📉
SHORT 🔴 - VELVET$
Trading Plan:
Entry: 0.1300 – 0.1333
SL (Stop Loss): 0.1450
TP1: 0.1240
TP2: 0.1150
TP3: 0.1050
Why this setup?
The price saw a sharp pullback toward $0.1333$ driven by massive selling pressure from the $0.1585$ top, while the RSI indicator (on the 15-minute timeframe) reached an extremely low level of 16.16, reflecting a deep oversold condition—yet with the sellers still dominating and the Moving Averages (EMA) not providing support.
The current decline places the price under pressure from the Moving Average lines: EMA(7) at $0.1366$ and EMA(25) at $0.1417$, suggesting the bearish momentum may continue.
Why now?
The current entry zone is considered a good opportunity to capture the downward wave and exploit the ongoing price pressure toward lower levels.
Discussion:
Will the coin bounce strongly up from the current oversold areas, or will the negative wave continue? Who’s with us in this trade?
Click here to trade 👇
$NVDAB $NVDA.US #ZECBreaksKeyResistanceUp75.5% #OilHoldsLosses #SamsungSKHynixLeveragedETFsPostFirstMonthlyOutflow #KazakhstanCutsOilOutputForecastTo96MTons
SHORT 🔴 - VELVET$
Trading Plan:
Entry: 0.1300 – 0.1333
SL (Stop Loss): 0.1450
TP1: 0.1240
TP2: 0.1150
TP3: 0.1050
Why this setup?
The price saw a sharp pullback toward $0.1333$ driven by massive selling pressure from the $0.1585$ top, while the RSI indicator (on the 15-minute timeframe) reached an extremely low level of 16.16, reflecting a deep oversold condition—yet with the sellers still dominating and the Moving Averages (EMA) not providing support.
The current decline places the price under pressure from the Moving Average lines: EMA(7) at $0.1366$ and EMA(25) at $0.1417$, suggesting the bearish momentum may continue.
Why now?
The current entry zone is considered a good opportunity to capture the downward wave and exploit the ongoing price pressure toward lower levels.
Discussion:
Will the coin bounce strongly up from the current oversold areas, or will the negative wave continue? Who’s with us in this trade?
Click here to trade 👇
$NVDAB $NVDA.US #ZECBreaksKeyResistanceUp75.5% #OilHoldsLosses #SamsungSKHynixLeveragedETFsPostFirstMonthlyOutflow #KazakhstanCutsOilOutputForecastTo96MTons
