The bounce is green. The structure is still red.
$VELVET just bounced after a sharp selloff, but the 15M structure remains firmly bearish.
EMA7 < EMA25 < EMA99, while price is still below the entire EMA stack. Unless buyers reclaim the 0.98–1.00 area, this bounce looks more like a pullback than a reversal.
🔴 SHORT
Entry: 0.950–0.970
TP1: 0.900
TP2: 0.875
SL: 1.005
🟢 Trade Grade
A Setup
Don’t short the dump. Wait for the bounce. 👇
$VELVET just bounced after a sharp selloff, but the 15M structure remains firmly bearish.
EMA7 < EMA25 < EMA99, while price is still below the entire EMA stack. Unless buyers reclaim the 0.98–1.00 area, this bounce looks more like a pullback than a reversal.
🔴 SHORT
Entry: 0.950–0.970
TP1: 0.900
TP2: 0.875
SL: 1.005
🟢 Trade Grade
A Setup
Don’t short the dump. Wait for the bounce. 👇