๐จ $VELVET BEARS PIN DOWN LOWER TIMEFRAMES AS RESISTANCE REJECTION LOOMS! ๐
Entry: 0.0688469 - 0.0691131 โก
Target: 0.0663756 - 0.0620349 ๐ฏ
Stop Loss: 0.0724525 ๐
The macro structure on $VELVET remains heavily suppressed beneath both the 50 and 200 EMAs across daily and four-hour timeframes. ๐ Sellers continue to control broader order flow, making this short-term fifteen-minute push look like classic counter-trend relief directly into overhead supply.
๐ Four-hour RSI sits at 40.5 with plenty of room to expand downward once buyers exhaust this local bounce. ๐ฌ Are you fading this relief rally into resistance, or waiting for lower prices before stepping in? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #VELVET #ShortSetup #Bearish #Altcoins #Crypto
๐ฏ ๐ป
Entry: 0.0688469 - 0.0691131 โก
Target: 0.0663756 - 0.0620349 ๐ฏ
Stop Loss: 0.0724525 ๐
The macro structure on $VELVET remains heavily suppressed beneath both the 50 and 200 EMAs across daily and four-hour timeframes. ๐ Sellers continue to control broader order flow, making this short-term fifteen-minute push look like classic counter-trend relief directly into overhead supply.
๐ Four-hour RSI sits at 40.5 with plenty of room to expand downward once buyers exhaust this local bounce. ๐ฌ Are you fading this relief rally into resistance, or waiting for lower prices before stepping in? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #VELVET #ShortSetup #Bearish #Altcoins #Crypto
๐ฏ ๐ป