Price movement $VELVET is tilting downwards. The 1H structure still supports a short bias.
Bias : SHORT
Type : Continuation
Structure : Mixed
Entry Zone : 0.10596 - 0.10656
TP1 : 0.10034
TP2 : 0.09597
Stop Loss : 0.11093
Risk:Reward : 1:1.3 / 1:2.2
Confidence : 86/100
Market snapshot:
24H Change : -5.45%
Funding : 0.005%
OI 1H : -0.5%
ATR / Risk : 3.24% | 4.4%
The structure at $VELVET still supports a downward move. Sellers are active on every small retracement.
Bias : SHORT
Type : Continuation
Structure : Mixed
Entry Zone : 0.10596 - 0.10656
TP1 : 0.10034
TP2 : 0.09597
Stop Loss : 0.11093
Risk:Reward : 1:1.3 / 1:2.2
Confidence : 86/100
Market snapshot:
24H Change : -5.45%
Funding : 0.005%
OI 1H : -0.5%
ATR / Risk : 3.24% | 4.4%
The structure at $VELVET still supports a downward move. Sellers are active on every small retracement.
