$VELVET — 🔴 SHORT SETUP
Guys, $VELVET short 👀🔻
The setup is simple: sell the $0.555–$0.565 zone and look for continuation toward the lower targets.
Trade Plan
🔴 Entry: $0.555 – $0.565
🛑 SL: Above $0.585
🎯 TP1: $0.530
🎯 TP2: $0.500
The thesis:
📉 Entry zone: $0.555–$0.565 is the key area for bears to defend.
🎯 TP1: $0.530 — first downside objective.
🔥 TP2: $0.500 — deeper continuation target if selling pressure accelerates.
🚨 Invalidation: A move above $0.585 puts the short thesis at risk.
The question:
Does $VELVET reject $0.555–$0.565 and roll over toward $0.530 → $0.500, or do shorts get squeezed first? 👇
Not financial advice. Manage risk and confirm the setup before entering.
Guys, $VELVET short 👀🔻
The setup is simple: sell the $0.555–$0.565 zone and look for continuation toward the lower targets.
Trade Plan
🔴 Entry: $0.555 – $0.565
🛑 SL: Above $0.585
🎯 TP1: $0.530
🎯 TP2: $0.500
The thesis:
📉 Entry zone: $0.555–$0.565 is the key area for bears to defend.
🎯 TP1: $0.530 — first downside objective.
🔥 TP2: $0.500 — deeper continuation target if selling pressure accelerates.
🚨 Invalidation: A move above $0.585 puts the short thesis at risk.
The question:
Does $VELVET reject $0.555–$0.565 and roll over toward $0.530 → $0.500, or do shorts get squeezed first? 👇
Not financial advice. Manage risk and confirm the setup before entering.