$VELVET /USDT just printed a 25 RSI on the 15m — is the crowd already shorting the bottom?
$VELVET - 🟢 SHORT · Conf 77%
Trade Plan:
Entry: 0.0815738 – 0.0824262
SL: 0.0906423
TP1: 0.0755183
TP2: 0.0711972
TP3: 0.0647155
Why this setup?
Why now? The 4h structure is trending down, and the 15m RSI at 25.52 shows momentum is exhausted to the downside. This is a trend-following SHORT, not a guess.
- Entry zone: 0.08200 (ref) with a tight band of 0.08157 to 0.08243.
- Targets are stacked: TP1 at 0.07552, TP2 at 0.07120, TP3 at 0.06472.
- Stop loss at 0.09064 keeps the risk defined — about 10.5% above entry.
- Confidence score is 77, and the 1D is range, meaning we are playing the intraday momentum inside a sideways tape.
- This is NOT a counter-trend bet. It is a trend trade on the 4h, so the path of least resistance is lower. But respect the SL — if price reclaims 0.09064, the thesis is dead.
Debate:
Are we riding this down to TP3 at 0.0647, or does the 15m RSI bounce first and fake out the sellers?
Click here to view the chart 👇️
⚠️ Personal market analysis only. NFA — manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.
$VELVET - 🟢 SHORT · Conf 77%
Trade Plan:
Entry: 0.0815738 – 0.0824262
SL: 0.0906423
TP1: 0.0755183
TP2: 0.0711972
TP3: 0.0647155
Why this setup?
Why now? The 4h structure is trending down, and the 15m RSI at 25.52 shows momentum is exhausted to the downside. This is a trend-following SHORT, not a guess.
- Entry zone: 0.08200 (ref) with a tight band of 0.08157 to 0.08243.
- Targets are stacked: TP1 at 0.07552, TP2 at 0.07120, TP3 at 0.06472.
- Stop loss at 0.09064 keeps the risk defined — about 10.5% above entry.
- Confidence score is 77, and the 1D is range, meaning we are playing the intraday momentum inside a sideways tape.
- This is NOT a counter-trend bet. It is a trend trade on the 4h, so the path of least resistance is lower. But respect the SL — if price reclaims 0.09064, the thesis is dead.
Debate:
Are we riding this down to TP3 at 0.0647, or does the 15m RSI bounce first and fake out the sellers?
Click here to view the chart 👇️
⚠️ Personal market analysis only. NFA — manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.
