Everyone will want to short $VELVET /USDT once they see this setup.
$VELVET - 🟢 SHORT · Conf 81%
Trade Plan:
Entry: 0.0513220 – 0.0514780
SL: 0.0533375
TP1: 0.0499469
TP2: 0.0489782
TP3: 0.0475250
Why this setup?
Why now? The daily trend is bearish and the 1h price sits at 0.0514000, perfectly inside the entry zone between 0.0513220 and 0.0514780. The 15m RSI at 43.26 shows room to fall without being oversold, while the 1h ATR of 0.000808 confirms that 0.0514000 is an active, volatile level where short sellers can push price toward TP1 at 0.0499469 and TP2 at 0.0489782. The line in the sand is the invalidation level at 0.0667225; if price reaches there, the entire short thesis is void.
Debate:
Are we cleanly hitting TP2 at 0.0489782 or is this short getting squeezed?
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: 0.0513220 – 0.0514780
SL: 0.0533375
TP1: 0.0499469
TP2: 0.0489782
TP3: 0.0475250
Why this setup?
Why now? The daily trend is bearish and the 1h price sits at 0.0514000, perfectly inside the entry zone between 0.0513220 and 0.0514780. The 15m RSI at 43.26 shows room to fall without being oversold, while the 1h ATR of 0.000808 confirms that 0.0514000 is an active, volatile level where short sellers can push price toward TP1 at 0.0499469 and TP2 at 0.0489782. The line in the sand is the invalidation level at 0.0667225; if price reaches there, the entire short thesis is void.
Debate:
Are we cleanly hitting TP2 at 0.0489782 or is this short getting squeezed?
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.
