Preparing short VELVET: the levels I watch
$VELVET /USDT · 🔴 Bias: SHORT (conservative) · 6/12 matching signals
Technical verdict: conservative SHORT. 6 out of 12 matching signals, 2 against.
What supports it (6):
✅ 1-hour direction: Price < EMA50 < EMA200, a bearish structure is forming
✅ Trend strength (ADX/DI, 15 minutes): ADX 21.6 with sellers in control (DI- 18.2 vs DI+ 12.4)
✅ RSI on 4 hours: 45.4, bearish momentum
✅ RSI on 1 hour: 47.8, below 55
✅ Relative strength vs BTC: weak performance, -5.44% vs BTC
✅ Volume: rising on red candles, confirming distribution
What contradicts it (2):
⚠️ 4-hour direction: Price > EMA50 > EMA200, the bullish structure is still in place
⚠️ Support at 0.05388: the last low may trigger a bounce
Price map:
📍 Entry: 0.05990 – 0.06100
🎯 Target 1: 0.05800
🎯 Target 2: 0.05600
🎯 Target 3: 0.05400
🔴 Stop-loss: 0.06500
Why this setup?
The daily trend is bullish, but 6 out of 12 matching signals favor the short side for a correction. The plan is to work in the 0.05990 – 0.06100 zone, take profit at 0.05800 and 0.05600, and wait patiently until 0.05400. Moving through 0.06500 means the idea is wrong, and the stop-loss does its job.
Your call:
Will VELVET reach 0.05800 first, or will it hit the stop-loss?
Levels shown on the chart below 👇
⚠️ Personal market analysis only. Not financial advice — manage your risk and do your own research.
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$VELVET /USDT · 🔴 Bias: SHORT (conservative) · 6/12 matching signals
Technical verdict: conservative SHORT. 6 out of 12 matching signals, 2 against.
What supports it (6):
✅ 1-hour direction: Price < EMA50 < EMA200, a bearish structure is forming
✅ Trend strength (ADX/DI, 15 minutes): ADX 21.6 with sellers in control (DI- 18.2 vs DI+ 12.4)
✅ RSI on 4 hours: 45.4, bearish momentum
✅ RSI on 1 hour: 47.8, below 55
✅ Relative strength vs BTC: weak performance, -5.44% vs BTC
✅ Volume: rising on red candles, confirming distribution
What contradicts it (2):
⚠️ 4-hour direction: Price > EMA50 > EMA200, the bullish structure is still in place
⚠️ Support at 0.05388: the last low may trigger a bounce
Price map:
📍 Entry: 0.05990 – 0.06100
🎯 Target 1: 0.05800
🎯 Target 2: 0.05600
🎯 Target 3: 0.05400
🔴 Stop-loss: 0.06500
Why this setup?
The daily trend is bullish, but 6 out of 12 matching signals favor the short side for a correction. The plan is to work in the 0.05990 – 0.06100 zone, take profit at 0.05800 and 0.05600, and wait patiently until 0.05400. Moving through 0.06500 means the idea is wrong, and the stop-loss does its job.
Your call:
Will VELVET reach 0.05800 first, or will it hit the stop-loss?
Levels shown on the chart below 👇
⚠️ Personal market analysis only. Not financial advice — manage your risk and do your own research.
🔗 Join my VIP group: https://app.binance.com/uni-qr/XXhGN3Hs
