The undercurrents are still there, and so are the disagreements. The market for $VELVET has already tilted to one side. Look: both the daily and 4-hour charts are below the moving averages, and the 1-hour chart hasn’t managed to break back above them either. When timeframes align to the downside like this, rebounds often just give the bears a chance to step in. RSI is only 37, which shows buyers haven’t stepped up yet and selling pressure remains.
Our job isn’t to guess the bottom, but to follow the structure. Wait for the price to return to the resistance zone above before considering an entry—don’t rush to chase it. Take half off at the first target, then move your stop to protect the rest. Stay steady. Keep your position size small, and don’t get carried away.
🔴 Trade direction: Short
📍 Entry range: 0.0698358 – 0.0702326
🛑 Stop-loss: 0.0745285
🎯 Take-profit 1: 0.0666635
🎯 Take-profit 2: 0.0644163
🎯 Take-profit 3: 0.0610455
There’s no need to chase the wind; it will linger where it may.
Stand shoulder to shoulder with Sister Li, and let every moment resonate.
#VELVET
Click below to trade 👇
Our job isn’t to guess the bottom, but to follow the structure. Wait for the price to return to the resistance zone above before considering an entry—don’t rush to chase it. Take half off at the first target, then move your stop to protect the rest. Stay steady. Keep your position size small, and don’t get carried away.
🔴 Trade direction: Short
📍 Entry range: 0.0698358 – 0.0702326
🛑 Stop-loss: 0.0745285
🎯 Take-profit 1: 0.0666635
🎯 Take-profit 2: 0.0644163
🎯 Take-profit 3: 0.0610455
There’s no need to chase the wind; it will linger where it may.
Stand shoulder to shoulder with Sister Li, and let every moment resonate.
#VELVET
Click below to trade 👇