Insiders are fading the bounce on $VELVET /USDT right now
$VELVET - 🟢 SHORT · Conf 81%
Trade Plan:
Entry: 0.0518732 – 0.0521268
SL: 0.0553986
TP1: 0.0494510
TP2: 0.0477517
TP3: 0.0452027
Why this setup?
Why now? The daily trend is bearish, the 1h ATR sits at 0.000944 showing genuine volatility, and the 15m RSI reads 46.6, meaning momentum is neither overbought nor oversold but leaning bearish. The entry zone around 0.0520000 aligns with the 1h price, giving a clean reference for the short. Targets sit at TP1 0.0494510 and TP2 0.0477517, offering a structured path to the downside while the invalidation level at 0.0685860 acts as the line in the sand. This is a trend-following setup, not a counter-trend bet, so risk is manageable with proper position sizing.
Debate:
Are we heading to TP2 or is the daily trend about to flip?
Click here to view the chart 👇️
⚠️ Personal market analysis only. NFA — manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.
$VELVET - 🟢 SHORT · Conf 81%
Trade Plan:
Entry: 0.0518732 – 0.0521268
SL: 0.0553986
TP1: 0.0494510
TP2: 0.0477517
TP3: 0.0452027
Why this setup?
Why now? The daily trend is bearish, the 1h ATR sits at 0.000944 showing genuine volatility, and the 15m RSI reads 46.6, meaning momentum is neither overbought nor oversold but leaning bearish. The entry zone around 0.0520000 aligns with the 1h price, giving a clean reference for the short. Targets sit at TP1 0.0494510 and TP2 0.0477517, offering a structured path to the downside while the invalidation level at 0.0685860 acts as the line in the sand. This is a trend-following setup, not a counter-trend bet, so risk is manageable with proper position sizing.
Debate:
Are we heading to TP2 or is the daily trend about to flip?
Click here to view the chart 👇️
⚠️ Personal market analysis only. NFA — manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.
