VELVET/USDT SHORT
Entry: 0.5650 – 0.5800
SL: 0.6060
TP1: 0.5450
TP2: 0.5150
TP3: 0.4750
The -44% collapse shows extreme selling pressure. However, chasing the dump is risky. Prefer a short only if price rebounds into the entry zone and gets rejected. A move above 0.6060 invalidates the bearish setup.
$VELVET
Entry: 0.5650 – 0.5800
SL: 0.6060
TP1: 0.5450
TP2: 0.5150
TP3: 0.4750
The -44% collapse shows extreme selling pressure. However, chasing the dump is risky. Prefer a short only if price rebounds into the entry zone and gets rejected. A move above 0.6060 invalidates the bearish setup.
$VELVET