VELVET is not a range coin right now.
🔴 SHORT $VELVET /USDT: expecting price to go DOWN
Bias: SHORT · Strong
Entry: 0.0579459 – 0.0582341
TP1: 0.0560730 (-3.5%)
TP2: 0.0547283 (-5.8%)
TP3: 0.0527113 (-9.3%)
SL: 0.0607793 (+4.6%)
Plan: enter only inside the zone, close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Why SHORT? VELVET checklist: 6/12 agree, 1 against.
• Daily trend down (below EMA50 & EMA200)
• 4h trend down (below EMA50 & EMA200)
• 1h trend down (below EMA50 & EMA200)
Watch: Price is washed out, bounces are common from here (1h RSI 23.4, oversold)
Watch: The idea is wrong if price reaches the stop at 0.0607793
Net read: The daily bearish stack is the strongest support, but the 1h price is overextended with bounce risk.
Where do you set your invalidation for this trade?
Levels mapped on the chart below.
📲 Want more of my latest signals? Join me here:
https://app.binance.com/uni-qr/D26WbL9t
⚠️ Personal market analysis only. NFA — manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.
🔴 SHORT $VELVET /USDT: expecting price to go DOWN
Bias: SHORT · Strong
Entry: 0.0579459 – 0.0582341
TP1: 0.0560730 (-3.5%)
TP2: 0.0547283 (-5.8%)
TP3: 0.0527113 (-9.3%)
SL: 0.0607793 (+4.6%)
Plan: enter only inside the zone, close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Why SHORT? VELVET checklist: 6/12 agree, 1 against.
• Daily trend down (below EMA50 & EMA200)
• 4h trend down (below EMA50 & EMA200)
• 1h trend down (below EMA50 & EMA200)
Watch: Price is washed out, bounces are common from here (1h RSI 23.4, oversold)
Watch: The idea is wrong if price reaches the stop at 0.0607793
Net read: The daily bearish stack is the strongest support, but the 1h price is overextended with bounce risk.
Where do you set your invalidation for this trade?
Levels mapped on the chart below.
📲 Want more of my latest signals? Join me here:
https://app.binance.com/uni-qr/D26WbL9t
⚠️ Personal market analysis only. NFA — manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.