Insiders are fading the bounce on $VELVET /USDT right now.
$VELVET - 🟢 SHORT · Conf 81%
Trade Plan:
Entry: 0.0515775 – 0.0518225
SL: 0.0545348
TP1: 0.0495739
TP2: 0.0481565
TP3: 0.0460304
Why this setup?
Why now? The daily trend is bearish, and the 1h price is sitting at 0.0517000, which aligns with the entry reference for a short bias. The 15m RSI at 46.31 shows momentum is still leaning bearish, not yet oversold, giving us room to run. The 1h ATR of 0.00118 tells us volatility is modest, so the entry zone between 0.0515775 and 0.0518225 is tight and precise for a controlled short. We are targeting TP1 at 0.0495739 and TP2 at 0.0481565, with the invalidation level at 0.0731040 acting as the hard line in the sand.
Debate:
Are we cleanly hitting TP2 or is this a trap for short 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 81%
Trade Plan:
Entry: 0.0515775 – 0.0518225
SL: 0.0545348
TP1: 0.0495739
TP2: 0.0481565
TP3: 0.0460304
Why this setup?
Why now? The daily trend is bearish, and the 1h price is sitting at 0.0517000, which aligns with the entry reference for a short bias. The 15m RSI at 46.31 shows momentum is still leaning bearish, not yet oversold, giving us room to run. The 1h ATR of 0.00118 tells us volatility is modest, so the entry zone between 0.0515775 and 0.0518225 is tight and precise for a controlled short. We are targeting TP1 at 0.0495739 and TP2 at 0.0481565, with the invalidation level at 0.0731040 acting as the hard line in the sand.
Debate:
Are we cleanly hitting TP2 or is this a trap for short 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.
