VELVET is below the stacked bearish EMAs on the daily chart.
🔴 SHORT $VELVET /USDT: price is expected to go DOWN
Bias: SHORT · Trend
Entry: 0.0640811 – 0.0642789
TP1: 0.0626008 (-2.5%)
TP2: 0.0615480 (-4.1%)
TP3: 0.0599688 (-6.6%)
SL: 0.0662856 (+3.3%)
Plan: enter only within the zone, close 50% at TP1, 25% at TP2, and 25% at TP3, and move the stop to the entry price after TP1.
Note: moderate conviction; keep position size small.
Why SHORT? What I checked: 5/12 agree, 0 against.
• Bearish daily trend (below EMA50 and EMA200)
• Bearish 1-hour trend (below EMA50 and EMA200)
• Sellers have momentum (4-hour RSI: 35.2)
Caution: The idea is invalidated if the price reaches the stop at 0.0662856
Verdict: The bearish daily structure supports a short position, but the 4-hour move trend is mixed and conviction is moderate.
🔴 SHORT $VELVET /USDT: price is expected to go DOWN
Bias: SHORT · Trend
Entry: 0.0640811 – 0.0642789
TP1: 0.0626008 (-2.5%)
TP2: 0.0615480 (-4.1%)
TP3: 0.0599688 (-6.6%)
SL: 0.0662856 (+3.3%)
Plan: enter only within the zone, close 50% at TP1, 25% at TP2, and 25% at TP3, and move the stop to the entry price after TP1.
Note: moderate conviction; keep position size small.
Why SHORT? What I checked: 5/12 agree, 0 against.
• Bearish daily trend (below EMA50 and EMA200)
• Bearish 1-hour trend (below EMA50 and EMA200)
• Sellers have momentum (4-hour RSI: 35.2)
Caution: The idea is invalidated if the price reaches the stop at 0.0662856
Verdict: The bearish daily structure supports a short position, but the 4-hour move trend is mixed and conviction is moderate.