๐จ $VELVET BREAKS KEY MOVING AVERAGES AS SELLERS SQUEEZE THE REMAINING BIDS! ๐
Entry: 0.0514297 - 0.0515903 โก
Target: 0.0501356 ๐ฏ
Stop Loss: 0.0533425 ๐
๐ The multi-timeframe alignment on $VELVET is handing sellers full command of order flow. Price remains pinned below both the 50 and 200 EMAs across the 1H, 4H, and daily charts, suffocating any attempt at a sustainable recovery.
๐ Any retest into the 0.0514297 - 0.0515903 supply pocket looks primed for fresh distribution. The invalidation is clean above 0.0533425, giving us defined parameters without taking unnecessary heat.
๐ค Are you fading this bounce into overhead resistance or waiting to catch the falling knife? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #VELVET #ShortSetup #Bearish #Crypto
๐ฏ ๐ป
Entry: 0.0514297 - 0.0515903 โก
Target: 0.0501356 ๐ฏ
Stop Loss: 0.0533425 ๐
๐ The multi-timeframe alignment on $VELVET is handing sellers full command of order flow. Price remains pinned below both the 50 and 200 EMAs across the 1H, 4H, and daily charts, suffocating any attempt at a sustainable recovery.
๐ Any retest into the 0.0514297 - 0.0515903 supply pocket looks primed for fresh distribution. The invalidation is clean above 0.0533425, giving us defined parameters without taking unnecessary heat.
๐ค Are you fading this bounce into overhead resistance or waiting to catch the falling knife? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #VELVET #ShortSetup #Bearish #Crypto
๐ฏ ๐ป
