đš $VELVET â $1 TARGET SOON? IâM WATCHING THE SHORT SIDE... đ„
CURRENT ENTRY: $0.61â$0.63
30% position only.
MAIN SHORT ENTRY: $0.65â$0.69
Preferred if price bounces and rejects.
SL: $0.72â$0.74
TP1: $0.58
TP2: $0.54
TP3: $0.48
Guys, VELVET has already dropped hard once, so this time Iâm not waiting for 30M confirmation. The token is moving extremely fast and waiting too long can kill the RR.
I prefer a clean 15M rejection around the entry area before adding the main position.
đ HOW IâLL TRADE
If price stays around $0.61â$0.63, a small starter is okay. The current entry is still not bad, but keep it controlled.
If price bounces toward $0.65â$0.69, wait for 15M rejection/lower high â then add.
Small starter â 15M confirmation â add â TP1 â protect â TP2/TP3.
If it dumps directly from current price, don't chase the red candles. The starter can participate, but preserve capital for the next setup.
đ° MANAGEMENT
At TP1, book partial profit and reduce risk.
At TP2, take another partial and protect the remaining position.
Keep only a smaller runner for TP3 if momentum stays bearish.
â ïž The main risk is a fast bounce/liquidity grab because VELVET is extremely volatile. If price reclaims and holds above the invalidation area, I will exit instead of averaging into a losing short.
I still prefer short over long, but I'm not trying to catch every dollar.
Bro, Iâm honestly very angry with myself đ I was writing the previous VELVET post, and right when I attached the ticker before publishing, price suddenly dumped hard and basically hit TP2.
So I had to cancel my first VELVET analysis and update everything with the latest data instead of posting outdated levels.
I checked the setup twice because VELVET is moving extremely fast and the data is changing quickly, so it took a little extra time.
Sorry for the delay â this is now the updated VELVET setup based on the latest data
$SNDK $BLUAI
CURRENT ENTRY: $0.61â$0.63
30% position only.
MAIN SHORT ENTRY: $0.65â$0.69
Preferred if price bounces and rejects.
SL: $0.72â$0.74
TP1: $0.58
TP2: $0.54
TP3: $0.48
Guys, VELVET has already dropped hard once, so this time Iâm not waiting for 30M confirmation. The token is moving extremely fast and waiting too long can kill the RR.
I prefer a clean 15M rejection around the entry area before adding the main position.
đ HOW IâLL TRADE
If price stays around $0.61â$0.63, a small starter is okay. The current entry is still not bad, but keep it controlled.
If price bounces toward $0.65â$0.69, wait for 15M rejection/lower high â then add.
Small starter â 15M confirmation â add â TP1 â protect â TP2/TP3.
If it dumps directly from current price, don't chase the red candles. The starter can participate, but preserve capital for the next setup.
đ° MANAGEMENT
At TP1, book partial profit and reduce risk.
At TP2, take another partial and protect the remaining position.
Keep only a smaller runner for TP3 if momentum stays bearish.
â ïž The main risk is a fast bounce/liquidity grab because VELVET is extremely volatile. If price reclaims and holds above the invalidation area, I will exit instead of averaging into a losing short.
I still prefer short over long, but I'm not trying to catch every dollar.
Bro, Iâm honestly very angry with myself đ I was writing the previous VELVET post, and right when I attached the ticker before publishing, price suddenly dumped hard and basically hit TP2.
So I had to cancel my first VELVET analysis and update everything with the latest data instead of posting outdated levels.
I checked the setup twice because VELVET is moving extremely fast and the data is changing quickly, so it took a little extra time.
Sorry for the delay â this is now the updated VELVET setup based on the latest data
$SNDK $BLUAI