🔴 SHORT $VELVET — Exhaustion Loading

The pump is overextended. Sellers are stepping in.

$VELVET rallied from 0.86 to 1.24 — a 44% move in 24 hours. That's a massive pump. But now price is rejecting from 1.24 and pulling back. RSI hit 70 — overbought territory. Volume on the drop is increasing.

EMA20 at 1.05, EMA50 at 0.92 — both still below price. Momentum is slowing down. Profit-taking is likely.

I'm going short from here.

Entry: 1.100 – 1.105
SL: 1.135

🎯 TP1: 1.065
🎯 TP2: 1.035
🎯 TP3: 0.990
$VELVET

Setup fails if price closes above 1.120 on the 15m.

Big pumps often end the same way — not with a crash, but with a slow fade.

DYOR. Not financial advice.
#BİNANCE #BinanceSquare #cryptosignals