$VELVET 03:00 This candle closed at 0.04761. The 0.04778 level it had just broken above didn’t hold, and the high only reached 0.048. Volume was about 107,000 U, roughly 2.84 times the average, with aggressive buying at around 46%. Open interest barely changed.
It broke out, then fell back—anyone who chased the move is now left hanging.
Short entry: 0.04761
Stop-loss: 0.04842
Take profit: TP1 0.0468, TP2 0.04518
After TP1, I’d move the stop-loss to the entry price. $VELVET has a market cap of about 26 million. The price action is moving fast; if the 1-hour candle closes back above 0.04778, I won’t consider the level lost.
#VELVET #山寨币 #futures
This is not investment advice
It broke out, then fell back—anyone who chased the move is now left hanging.
Short entry: 0.04761
Stop-loss: 0.04842
Take profit: TP1 0.0468, TP2 0.04518
After TP1, I’d move the stop-loss to the entry price. $VELVET has a market cap of about 26 million. The price action is moving fast; if the 1-hour candle closes back above 0.04778, I won’t consider the level lost.
#VELVET #山寨币 #futures
This is not investment advice
