đŽ $VELVET FACES MACRO STRUCTURAL REJECTION AS INSTITUTIONAL SELLERS DEFEND KEY RESISTANCE đ
Entry: 0.0688469 - 0.0691131 âĄ
Target: 0.0620349 đŻ
Stop Loss: 0.0724525 đ
đ $VELVET remains locked in a broader distribution cycle, trading strictly beneath both the 50 and 200 EMAs across higher timeframes. The current lower-timeframe push is purely a corrective liquidity tap into overhead supply.
đ Structural momentum firmly favors sellers with 4H RSI anchored at 40.5, confirming heavy supply overhead. As long as this premium zone caps the advance, the path of least resistance points toward lower liquidity pools. đŹ Are you positioning short into this retracement or waiting for a break of local lows? đ
â ïž Not financial advice. Always manage your risk. đĄïž
đ·ïž #VELVET #ShortSetup #PriceAction #Crypto
đŻ đŠ
Entry: 0.0688469 - 0.0691131 âĄ
Target: 0.0620349 đŻ
Stop Loss: 0.0724525 đ
đ $VELVET remains locked in a broader distribution cycle, trading strictly beneath both the 50 and 200 EMAs across higher timeframes. The current lower-timeframe push is purely a corrective liquidity tap into overhead supply.
đ Structural momentum firmly favors sellers with 4H RSI anchored at 40.5, confirming heavy supply overhead. As long as this premium zone caps the advance, the path of least resistance points toward lower liquidity pools. đŹ Are you positioning short into this retracement or waiting for a break of local lows? đ
â ïž Not financial advice. Always manage your risk. đĄïž
đ·ïž #VELVET #ShortSetup #PriceAction #Crypto
đŻ đŠ