What if the 4h downtrend on VELVET is just the opening act, not the finale?
$VELVET /USDT - 🟢 SHORT · Conf 80%
Trade Plan:
Entry: 0.0960625 – 0.0967375
SL: 0.1063943
TP1: 0.0889043
TP2: 0.0839071
TP3: 0.0764114
Why this setup?
- The 4h bias is SHORT with an 80% confidence, while the 1D remains in a range, giving us a clean trend-following window.
- Why now? The 15m RSI at 42.45 shows sellers are in control but not exhausted, leaving room for the move to extend toward TP1 at 0.0889.
- This is a trend trade, not a guess—the edge sits at 4.8, and the setup is armed with a tight entry near 0.0964.
- The risk is defined: SL at 0.1064 caps the downside, while TP2 at 0.0839 offers a solid 13% reward for the patient.
- Remember, this is a trend-following setup, so the path is your friend—let the stop do the work if momentum stalls.
Debate:
Is the range top at 0.0964 the last stand for bulls, or do you see a fakeout brewing?
Click here to view the chart 👇️
⚠️ Personal market analysis only. NFA — manage risk and DYOR.
$VELVET /USDT - 🟢 SHORT · Conf 80%
Trade Plan:
Entry: 0.0960625 – 0.0967375
SL: 0.1063943
TP1: 0.0889043
TP2: 0.0839071
TP3: 0.0764114
Why this setup?
- The 4h bias is SHORT with an 80% confidence, while the 1D remains in a range, giving us a clean trend-following window.
- Why now? The 15m RSI at 42.45 shows sellers are in control but not exhausted, leaving room for the move to extend toward TP1 at 0.0889.
- This is a trend trade, not a guess—the edge sits at 4.8, and the setup is armed with a tight entry near 0.0964.
- The risk is defined: SL at 0.1064 caps the downside, while TP2 at 0.0839 offers a solid 13% reward for the patient.
- Remember, this is a trend-following setup, so the path is your friend—let the stop do the work if momentum stalls.
Debate:
Is the range top at 0.0964 the last stand for bulls, or do you see a fakeout brewing?
Click here to view the chart 👇️
⚠️ Personal market analysis only. NFA — manage risk and DYOR.
