That last wave of the ACE strategy—it's already been locked in securely. In the closing act, though, I actually want to talk with you about one thing: staying calm. At the current level $VELVET , the 4-hour trend is pretty clear. Each rebound is weaker than the last, and volume hasn't kept up either—this suggests the bulls are a bit strained.
On the daily chart it's stuck in a range, but the overall weight is moving downward. In this kind of structure, shorting feels much more comfortable than chasing longs. I'm in no rush to enter—I'll wait until it bounces back toward the resistance area before making a move. A wider stop loss is fine; the key is not to bet the wrong direction. The 15-minute RSI hasn't reached oversold yet, so there's still room for downside. Let's be patient and let the market work itself out.
🔴 Trading direction: Short
📍 Entry zone: 0.1194548 – 0.1213743
🛑 Stop loss: 0.1595737
🎯 Take profit 1: 0.0910452
🎯 Take profit 2: 0.0714656
🎯 Take profit 3: 0.0420963
Still water runs deep with foresight; the market rises and falls with composure.
Walk with Fei-jie, and together we read the wealth tide as it surges.
#VELVET
Click below to trade 👇
On the daily chart it's stuck in a range, but the overall weight is moving downward. In this kind of structure, shorting feels much more comfortable than chasing longs. I'm in no rush to enter—I'll wait until it bounces back toward the resistance area before making a move. A wider stop loss is fine; the key is not to bet the wrong direction. The 15-minute RSI hasn't reached oversold yet, so there's still room for downside. Let's be patient and let the market work itself out.
🔴 Trading direction: Short
📍 Entry zone: 0.1194548 – 0.1213743
🛑 Stop loss: 0.1595737
🎯 Take profit 1: 0.0910452
🎯 Take profit 2: 0.0714656
🎯 Take profit 3: 0.0420963
Still water runs deep with foresight; the market rises and falls with composure.
Walk with Fei-jie, and together we read the wealth tide as it surges.
#VELVET
Click below to trade 👇