Everyoneâs chasing the daily uptrend on $VELVET /USDT, but the 4H chart is telling a completely different story.
đ» $VELVET â SHORT SETUP
đ Entry: 0.4380 â 0.4406
đ Stop Loss: 0.4696
đŻ TP1: 0.4165
đŻ TP2: 0.4014
đŻ TP3: 0.3787
Why I'm looking lower:
âą Daily trend remains bullish, but the 4H is flashing a high-probability short signal with 92% confidence. âą 15m RSI has already rolled over to 34.13, showing momentum is fading fast. âą Price is approaching a key rejection zone where sellers have historically stepped in. âą 1H ATR sits at just 0.0126âlow volatility often precedes explosive moves, and this setup favors downside expansion.
The crowd sees continuation.
I see a potential bull trap.
Question for traders: Are you buying the daily strength, or shorting the 4H reversal before the market catches on?
đ» $VELVET â SHORT SETUP
đ Entry: 0.4380 â 0.4406
đ Stop Loss: 0.4696
đŻ TP1: 0.4165
đŻ TP2: 0.4014
đŻ TP3: 0.3787
Why I'm looking lower:
âą Daily trend remains bullish, but the 4H is flashing a high-probability short signal with 92% confidence. âą 15m RSI has already rolled over to 34.13, showing momentum is fading fast. âą Price is approaching a key rejection zone where sellers have historically stepped in. âą 1H ATR sits at just 0.0126âlow volatility often precedes explosive moves, and this setup favors downside expansion.
The crowd sees continuation.
I see a potential bull trap.
Question for traders: Are you buying the daily strength, or shorting the 4H reversal before the market catches on?