Everyone is watching the upside but the 1d trend is already screaming short on $VELVET /USDT.
$VELVET - 🟢 SHORT · Conf 80%
Trade Plan:
Entry: 0.0576940 – 0.0583060
SL: 0.0634798
TP1: 0.0538902
TP2: 0.0511503
TP3: 0.0470405
Why this setup?
Why now? The 1d trend is bearish, the 1h ATR is 0.002283 which sets the volatility scale, the 15m RSI is 44.61 showing room to run down, and the entry zone sits between 0.0576940 and 0.0583060 around the 1h price of 0.0580000. TP1 is 0.0538902, TP2 is 0.0511503 and TP3 is 0.0470405, giving this short multiple measured targets. The invalidation level is 0.0811455, which is the hard line in the sand that must hold for this setup to remain valid.
Debate:
Are you stepping into this short at the entry zone or waiting for a reaction at TP2?
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 80%
Trade Plan:
Entry: 0.0576940 – 0.0583060
SL: 0.0634798
TP1: 0.0538902
TP2: 0.0511503
TP3: 0.0470405
Why this setup?
Why now? The 1d trend is bearish, the 1h ATR is 0.002283 which sets the volatility scale, the 15m RSI is 44.61 showing room to run down, and the entry zone sits between 0.0576940 and 0.0583060 around the 1h price of 0.0580000. TP1 is 0.0538902, TP2 is 0.0511503 and TP3 is 0.0470405, giving this short multiple measured targets. The invalidation level is 0.0811455, which is the hard line in the sand that must hold for this setup to remain valid.
Debate:
Are you stepping into this short at the entry zone or waiting for a reaction at TP2?
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.
