$VELVET - SHORT
Entry : 0.0545 – 0.0548
SL : 0.0588
TP1 : 0.0516
TP2 : 0.0495
TP3 : 0.0464
Why this setup?
The daily trend is bearish, and the price on 1h is at 0.0547, right inside the entry zone between 0.0545 and 0.0548. The 15m RSI at 55.36 shows there’s room to go lower before becoming overbought, while the 1h ATR of 0.001722 confirms there’s enough volatility to target TP1 at 0.0516 and TP2 at 0.0495. This is a trend-following short against the bearish move of the higher timeframes, so reducing position size and respecting the stop is non-negotiable. The invalidation level to watch is 0.0857.
Click here to trade 👇🏼
$VELVET
Entry : 0.0545 – 0.0548
SL : 0.0588
TP1 : 0.0516
TP2 : 0.0495
TP3 : 0.0464
Why this setup?
The daily trend is bearish, and the price on 1h is at 0.0547, right inside the entry zone between 0.0545 and 0.0548. The 15m RSI at 55.36 shows there’s room to go lower before becoming overbought, while the 1h ATR of 0.001722 confirms there’s enough volatility to target TP1 at 0.0516 and TP2 at 0.0495. This is a trend-following short against the bearish move of the higher timeframes, so reducing position size and respecting the stop is non-negotiable. The invalidation level to watch is 0.0857.
Click here to trade 👇🏼
$VELVET
