🔴 $VELVET SHORT — PHE BÁN ARE WANTING TO GO FURTHER?
If the decline on the 4H timeframe of $VELVET is only just the opening act, then I won’t rush to catch the bottom. What I care about right now is whether the $0.0960–$0.0967 zone will become a supply area for the sellers to keep pushing the price down.
📌 Plan I’m monitoring:
🔻 Entry: $0.0960625 – $0.0967375
🎯 TP1: $0.0889043
🎯 TP2: $0.0839071
🎯 TP3: $0.0764114
🛑 SL: $0.1063943
Why I Lean Toward SHORT?
The 4H timeframe is still giving bearish signals, while the RSI on the 15M chart around 42.45 shows the sellers have the upper hand but haven’t entered an oversold state yet.
That’s why I prioritize the scenario where price continues to move toward lower support zones rather than FOMO-ing into a bottom.
Especially, $0.0964 is the area I’ll watch very closely. If price gets rejected there, selling pressure could return even stronger.
On the other hand, if $VELVET breaks up and holds above this zone, the SHORT scenario loses its edge and I’ll stay on the sidelines instead of stubbornly sticking to the initial view.
⚠️ This is a trend-following trade, not a guaranteed prediction. I always let the SL do its job and I don’t allow a single order to affect the entire account.
👉 What do you think: will $0.0964 be the “final wall” for the bulls, or just a liquidity sweep before VELVET continues to fall?
Click here to Trade 👇️
If the decline on the 4H timeframe of $VELVET is only just the opening act, then I won’t rush to catch the bottom. What I care about right now is whether the $0.0960–$0.0967 zone will become a supply area for the sellers to keep pushing the price down.
📌 Plan I’m monitoring:
🔻 Entry: $0.0960625 – $0.0967375
🎯 TP1: $0.0889043
🎯 TP2: $0.0839071
🎯 TP3: $0.0764114
🛑 SL: $0.1063943
Why I Lean Toward SHORT?
The 4H timeframe is still giving bearish signals, while the RSI on the 15M chart around 42.45 shows the sellers have the upper hand but haven’t entered an oversold state yet.
That’s why I prioritize the scenario where price continues to move toward lower support zones rather than FOMO-ing into a bottom.
Especially, $0.0964 is the area I’ll watch very closely. If price gets rejected there, selling pressure could return even stronger.
On the other hand, if $VELVET breaks up and holds above this zone, the SHORT scenario loses its edge and I’ll stay on the sidelines instead of stubbornly sticking to the initial view.
⚠️ This is a trend-following trade, not a guaranteed prediction. I always let the SL do its job and I don’t allow a single order to affect the entire account.
👉 What do you think: will $0.0964 be the “final wall” for the bulls, or just a liquidity sweep before VELVET continues to fall?
Click here to Trade 👇️
