$VELVET — 5m timeframe screamning bearish. Downside could unleash fast...
Trade Plan: Short $VELVET
Entry: 0.056 - 0.057
SL: 0.05817
TP: 0.05522 | 0.05336 | 0.05150
Why this Setup?
The 5m timeframe is showing strong bearish pressure around the entry zone, with sellers maintaining control. If this weakness continues, downside could accelerate toward 0.05522, 0.05336 and 0.05150. As long as 0.05817 holds, the bearish setup remains valid.
Trade $VELVET here 👇
Trade Plan: Short $VELVET
Entry: 0.056 - 0.057
SL: 0.05817
TP: 0.05522 | 0.05336 | 0.05150
Why this Setup?
The 5m timeframe is showing strong bearish pressure around the entry zone, with sellers maintaining control. If this weakness continues, downside could accelerate toward 0.05522, 0.05336 and 0.05150. As long as 0.05817 holds, the bearish setup remains valid.
Trade $VELVET here 👇
