🔴 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
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