The VELVET setup shared earlier has played out, and profits from this move have been successfully booked. This isn’t a reversal—the unusual price action is speaking for itself. On the four-hour chart, $BTR is trading below the moving-average band. The daily, four-hour, and one-hour trends are all pointing firmly downward. This kind of multi-timeframe bearish alignment won’t be reversed by a single bounce.
Rebound volume continues to shrink, showing that buyers have no real appetite to step in. Every attempt to rally has been pushed back below key levels. The cluster of moving averages overhead is acting as resistance, and unless price can reclaim the top of that zone, the bearish momentum remains intact. There’s room to move lower, and trading with the trend is far more comfortable than going against it.
🔴 Trade direction: Short
📍 Entry range: 0.0463435 – 0.0465129
🛑 Stop loss: 0.0480565
🎯 Take profit 1: 0.0452069
🎯 Take profit 2: 0.0443928
🎯 Take profit 3: 0.0431715
Gaze upon the vastness of mountains and seas; observe the market’s every detail.
Trade alongside Uncle Xiong and witness the ebb and flow of fortunes.
#BTR
Click below to trade 👇
Rebound volume continues to shrink, showing that buyers have no real appetite to step in. Every attempt to rally has been pushed back below key levels. The cluster of moving averages overhead is acting as resistance, and unless price can reclaim the top of that zone, the bearish momentum remains intact. There’s room to move lower, and trading with the trend is far more comfortable than going against it.
🔴 Trade direction: Short
📍 Entry range: 0.0463435 – 0.0465129
🛑 Stop loss: 0.0480565
🎯 Take profit 1: 0.0452069
🎯 Take profit 2: 0.0443928
🎯 Take profit 3: 0.0431715
Gaze upon the vastness of mountains and seas; observe the market’s every detail.
Trade alongside Uncle Xiong and witness the ebb and flow of fortunes.
#BTR
Click below to trade 👇