⚠️ $VELVET — Bearish Rejection Setup
SHORT $VELVET
Entry: $0.690 – $0.710
SL: $0.735
🎯 Take Profit:
- TP1: $0.660
- TP2: $0.630
- TP3: $0.600
$VELVET is being positioned for a potential downside move from the $0.690–$0.710 entry zone. If rejection strengthens and sellers take control, the move could extend toward the listed targets.
Trade Management
Wait for bearish confirmation around the entry zone rather than chasing the rejection. Consider taking partial profits at each target and protecting the remaining position as price moves lower.
⚠️ Risk Note: A decisive move above $0.735 invalidates the bearish setup. Keep position sizing appropriate to your risk.
Bearish bias favored while the rejection zone holds.
Sell and Trade $VELVET here 👇
DYOR
SHORT $VELVET
Entry: $0.690 – $0.710
SL: $0.735
🎯 Take Profit:
- TP1: $0.660
- TP2: $0.630
- TP3: $0.600
$VELVET is being positioned for a potential downside move from the $0.690–$0.710 entry zone. If rejection strengthens and sellers take control, the move could extend toward the listed targets.
Trade Management
Wait for bearish confirmation around the entry zone rather than chasing the rejection. Consider taking partial profits at each target and protecting the remaining position as price moves lower.
⚠️ Risk Note: A decisive move above $0.735 invalidates the bearish setup. Keep position sizing appropriate to your risk.
Bearish bias favored while the rejection zone holds.
Sell and Trade $VELVET here 👇
DYOR