The final reverse signal is out. On this chart of $VELVET , I’ve got to tell everyone the truth—right now, it really doesn’t look like it can hold steady. The daily moving averages are in a bearish arrangement, and the price can’t even reach up to the EMA50. On the 15-minute timeframe, the seller DI has been continuously pressing and beating the buyer side. We’ve seen this kind of tug-of-war plenty of times—it often ends up breaking downwards. It’s also underperforming BTC by more than four percentage points, which shows that capital simply isn’t flowing into this.
As for any rebound, I’ll treat it as a repair, not a trend reversal. If the key levels can’t be defended, then downside room will open up. When you’re watching the market, don’t rush—before the structure has turned bad, it’s easier and more efficient to think along the weaker side.
🔴 Trade direction: Short
📍 Entry range: 0.0601439 – 0.0604506
🛑 Stop loss: 0.0636301
🎯 Take profit 1: 0.0577976
🎯 Take profit 2: 0.0561313
🎯 Take profit 3: 0.0536315
In still waters, depths hide far-reaching insight; when markets rise and fall, they stay calm and composed.
Join the group with “Fei Jie” and read the pulse of the surge of wealth.
#VELVET
Click below to trade 👇
As for any rebound, I’ll treat it as a repair, not a trend reversal. If the key levels can’t be defended, then downside room will open up. When you’re watching the market, don’t rush—before the structure has turned bad, it’s easier and more efficient to think along the weaker side.
🔴 Trade direction: Short
📍 Entry range: 0.0601439 – 0.0604506
🛑 Stop loss: 0.0636301
🎯 Take profit 1: 0.0577976
🎯 Take profit 2: 0.0561313
🎯 Take profit 3: 0.0536315
In still waters, depths hide far-reaching insight; when markets rise and fall, they stay calm and composed.
Join the group with “Fei Jie” and read the pulse of the surge of wealth.
#VELVET
Click below to trade 👇