SHORT $VELVET: Downtrend Setup with Clean Levels
Noticed a solid short setup on $VELVET . The 1h, 4h, and 15m charts all show a downtrend. RSI is at 31.92, indicating oversold, but momentum is still bearish with MACD at -0.0028. ATR(14) is 0.0034, suggesting volatility is manageable. Entry Zone: 0.0803 – 0.0816. Take Profit 1: 0.0758. Take Profit 2: 0.0727. Stop Loss: 0.0850. Confidence: 75%. Risk Rating: LOW. We're taking the shot. If price breaks above 0.0850, invalidate this setup.
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#HahaProfit #Velvet
Noticed a solid short setup on $VELVET . The 1h, 4h, and 15m charts all show a downtrend. RSI is at 31.92, indicating oversold, but momentum is still bearish with MACD at -0.0028. ATR(14) is 0.0034, suggesting volatility is manageable. Entry Zone: 0.0803 – 0.0816. Take Profit 1: 0.0758. Take Profit 2: 0.0727. Stop Loss: 0.0850. Confidence: 75%. Risk Rating: LOW. We're taking the shot. If price breaks above 0.0850, invalidate this setup.
Follow for more crypto setups.
#HahaProfit #Velvet
