Bulls at $VELVET think they control the situation, but insiders are already quietly extinguishing all growth! 🔥
On the 1H timeframe we carefully arrived at the sell-off zone of $0.0524000, and the global daily trend is looking straight down into the bottom.
This is a perfect SHORT.
Entry range: $0.0522856 – $0.0525144. RSI on the 15m (54.87) gives an excellent cushion for a powerful downward impulse, and compressed volatility by ATR (0.001006) ensures that longs will be caught off guard right at the breakout.
We take targets step by step:
TP1 — $0.0505915, TP2 — $0.0493859, final strike TP3 — $0.0475774. A hard stop at $0.0548113 — protection against abnormal nonsense. While the little hamsters hope for the continuation of the uptrend, the smart money is taking this dip! 💀
On the 1H timeframe we carefully arrived at the sell-off zone of $0.0524000, and the global daily trend is looking straight down into the bottom.
This is a perfect SHORT.
Entry range: $0.0522856 – $0.0525144. RSI on the 15m (54.87) gives an excellent cushion for a powerful downward impulse, and compressed volatility by ATR (0.001006) ensures that longs will be caught off guard right at the breakout.
We take targets step by step:
TP1 — $0.0505915, TP2 — $0.0493859, final strike TP3 — $0.0475774. A hard stop at $0.0548113 — protection against abnormal nonsense. While the little hamsters hope for the continuation of the uptrend, the smart money is taking this dip! 💀
