VELVET short setup: the levels I'm watching
📊 $VELVET /USDT · Bias: SHORT (Leaning) · 4/12 signals aligned
⚠️ Leaning only: 8 of 12 signals are still undecided. Keep size light.
Technical verdict: LEANING SHORT. 4 of 12 signals aligned, 0 against.
What supports it (4):
• Daily trend: price < EMA50 < EMA200, bearish stack
• 4h trend: price < EMA50 < EMA200, bearish stack
• Trend strength (ADX/DI, 15m): ADX 24.3 with sellers in control (DI+ 12.8 vs DI− 28.9)
• Relative strength vs BTC: underperforming, −6.61% vs BTC over the last day
No factor points the other way right now.
Levels:
Entry: 0.0584649 – 0.0587751
SL: 0.0618643
TP1: 0.0561867
TP2: 0.0545646
TP3: 0.0521313
The reasoning:
The daily trend reads bearish, and 4/12 signals aligned favour the short side. The plan is to work the 0.0584649 – 0.0587751 zone, scale out at 0.0561867 and 0.0545646, and stay patient for 0.0521313. A move through 0.0618643 means the idea is wrong and the stop does its job.
Your call:
Does VELVET tag 0.0561867 first, or the stop?
Full setup on 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 /USDT · Bias: SHORT (Leaning) · 4/12 signals aligned
⚠️ Leaning only: 8 of 12 signals are still undecided. Keep size light.
Technical verdict: LEANING SHORT. 4 of 12 signals aligned, 0 against.
What supports it (4):
• Daily trend: price < EMA50 < EMA200, bearish stack
• 4h trend: price < EMA50 < EMA200, bearish stack
• Trend strength (ADX/DI, 15m): ADX 24.3 with sellers in control (DI+ 12.8 vs DI− 28.9)
• Relative strength vs BTC: underperforming, −6.61% vs BTC over the last day
No factor points the other way right now.
Levels:
Entry: 0.0584649 – 0.0587751
SL: 0.0618643
TP1: 0.0561867
TP2: 0.0545646
TP3: 0.0521313
The reasoning:
The daily trend reads bearish, and 4/12 signals aligned favour the short side. The plan is to work the 0.0584649 – 0.0587751 zone, scale out at 0.0561867 and 0.0545646, and stay patient for 0.0521313. A move through 0.0618643 means the idea is wrong and the stop does its job.
Your call:
Does VELVET tag 0.0561867 first, or the stop?
Full setup on 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.
