VELVET is testing a lower swing with price hugging the 1.38 resistance, eyes on the next break.
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🔴 $VELVET SHORT 📉
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📍 Entry Range: $0.148052 – $0.148348
🛑 Stop Loss: $0.152646 (-3.0%)
🎯 TP1: $0.145977 (+1.5%)
🏆 TP2: $0.140790 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 64%
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A CHoCH on the 4‑hour chart snapped the bullish swing, while CVD turned negative confirming the move. The FVG from the prior rally aligns with an OB at 1.42, creating a POI where the OB and FVG overlap, setting a clean short entry.
A 3.0% stop is tight for this volatility, so keep leverage at or below 5x.
Take half profit around the first target at 1.33 to lock in early gains.
As always: manage your risk, this is not financial advice 🙏
$VELVET #VELVETUSDT #SMC #TradingSignals #Write2Earn
━━━━━━━━━━━━━━━━━━━━━
🔴 $VELVET SHORT 📉
━━━━━━━━━━━━━━━━━━━━━
📍 Entry Range: $0.148052 – $0.148348
🛑 Stop Loss: $0.152646 (-3.0%)
🎯 TP1: $0.145977 (+1.5%)
🏆 TP2: $0.140790 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 64%
━━━━━━━━━━━━━━━━━━━━━
A CHoCH on the 4‑hour chart snapped the bullish swing, while CVD turned negative confirming the move. The FVG from the prior rally aligns with an OB at 1.42, creating a POI where the OB and FVG overlap, setting a clean short entry.
A 3.0% stop is tight for this volatility, so keep leverage at or below 5x.
Take half profit around the first target at 1.33 to lock in early gains.
As always: manage your risk, this is not financial advice 🙏
$VELVET #VELVETUSDT #SMC #TradingSignals #Write2Earn