🔻 SHORT $VELVET USDT (⏱️ Timeframe: 4H)
📍 Entry: 0.0840 - 0.0845
🛑 SL: 0.0862
🎯 TP1: 0.0815
🎯 TP2: 0.0780
🎯 TP3: 0.0745
Price is rejecting the upper supply zone near 0.0850 after a massive 80%+ drop over the last 30 days, with declining volume confirming weak buying pressure. The recent bounce looks like a dead cat rally, as the structure remains heavily damaged and lower highs are forming. A reclaim of the 0.0820 demand zone is likely to fail, triggering a move toward the yearly lows. Momentum is firmly to the downside, and the current retracement offers a premium entry before the next leg down.
Trade Here 👉
$ZEC
$HEMI
#VELVET #TradeSetup #TechnicalAnalysisEthereum #WriteToEarnUpgrade #Write2Earn
⚠️ Not financial advice. Always manage your risk.
📍 Entry: 0.0840 - 0.0845
🛑 SL: 0.0862
🎯 TP1: 0.0815
🎯 TP2: 0.0780
🎯 TP3: 0.0745
Price is rejecting the upper supply zone near 0.0850 after a massive 80%+ drop over the last 30 days, with declining volume confirming weak buying pressure. The recent bounce looks like a dead cat rally, as the structure remains heavily damaged and lower highs are forming. A reclaim of the 0.0820 demand zone is likely to fail, triggering a move toward the yearly lows. Momentum is firmly to the downside, and the current retracement offers a premium entry before the next leg down.
Trade Here 👉
$ZEC
$HEMI
#VELVET #TradeSetup #TechnicalAnalysisEthereum #WriteToEarnUpgrade #Write2Earn
⚠️ Not financial advice. Always manage your risk.
