🔴 $VELVET /USDT — SHORT SETUP 📉
$VELVET is leaning bearish, with the daily structure pointing lower and 1h momentum showing sellers still have the upper hand. The mixed 4h picture means I’d keep conviction moderate.
📍 SHORT ZONE: $0.0685455 – $0.0688545
🛑 SL: $0.0731487
🎯 TP1: $0.0653635
🎯 TP2: $0.0631391
🎯 TP3: $0.0598026
📊 What supports the short:
• Daily → bearish EMA50/EMA200 stack
• 1h RSI → 40.1, bearish momentum
• VELVET → ~9.70% weaker than BTC over the last day
• 3/12 signals aligned
• 9 undecided, 0 against
The 4h trend being mixed is the main reason I wouldn’t treat this as a high-conviction short. I’d wait for price to return to the entry zone and show rejection rather than chase the downside.
⚠️ $0.0731487 is the stated invalidation level. A break above it would invalidate the short idea.
For me, the best confirmation would be sellers defending $0.06855–$0.06885 while the 1h momentum remains bearish. 👀
$VELVET 👇
$VELVET is leaning bearish, with the daily structure pointing lower and 1h momentum showing sellers still have the upper hand. The mixed 4h picture means I’d keep conviction moderate.
📍 SHORT ZONE: $0.0685455 – $0.0688545
🛑 SL: $0.0731487
🎯 TP1: $0.0653635
🎯 TP2: $0.0631391
🎯 TP3: $0.0598026
📊 What supports the short:
• Daily → bearish EMA50/EMA200 stack
• 1h RSI → 40.1, bearish momentum
• VELVET → ~9.70% weaker than BTC over the last day
• 3/12 signals aligned
• 9 undecided, 0 against
The 4h trend being mixed is the main reason I wouldn’t treat this as a high-conviction short. I’d wait for price to return to the entry zone and show rejection rather than chase the downside.
⚠️ $0.0731487 is the stated invalidation level. A break above it would invalidate the short idea.
For me, the best confirmation would be sellers defending $0.06855–$0.06885 while the 1h momentum remains bearish. 👀
$VELVET 👇
