VELVET is pressed below both EMAs on the daily chart.
🔴 SHORT $VELVET /USDT: expecting price to go DOWN
Bias: SHORT · Strong
Entry: 0.0651897 – 0.0654903
TP1: 0.0626119 (-4.2%)
TP2: 0.0607932 (-7.0%)
TP3: 0.0580650 (-11.1%)
SL: 0.0689775 (+5.6%)
Plan: enter only inside the zone, take half at TP1, then move the stop to entry.
Why SHORT? VELVET checklist: 6/12 signals agree, 1 against, 5 undecided
• Daily trend: price < EMA50 < EMA200, bearish stack → the big-picture trend is down
• 4h trend: price < EMA50 < EMA200, bearish stack → the swing trend is down
• Trend strength (ADX/DI, 15m): ADX 28.3 with sellers in control (DI+ 14.7 vs DI− 37.7) → sellers are driving the move
Watch: Distance from 1h EMA50: −3.3 ATR from the 1h EMA50, overextended with bounce risk → price fell far below its average, a bounce is likely
Watch: The idea is wrong if price reaches the stop at 0.0689775
Bottom line: The daily bearish trend is the strongest support, while the 1h bounce risk is the main risk, meaning the price is far below its average and a snap back is likely.
Where do you place your invalidation if you are not comfortable with this setup?
Levels mapped on the chart below.
📲 Want more of my latest signals? Join me here:
https://app.binance.com/uni-qr/D26WbL9t
⚠️ 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.
🔴 SHORT $VELVET /USDT: expecting price to go DOWN
Bias: SHORT · Strong
Entry: 0.0651897 – 0.0654903
TP1: 0.0626119 (-4.2%)
TP2: 0.0607932 (-7.0%)
TP3: 0.0580650 (-11.1%)
SL: 0.0689775 (+5.6%)
Plan: enter only inside the zone, take half at TP1, then move the stop to entry.
Why SHORT? VELVET checklist: 6/12 signals agree, 1 against, 5 undecided
• Daily trend: price < EMA50 < EMA200, bearish stack → the big-picture trend is down
• 4h trend: price < EMA50 < EMA200, bearish stack → the swing trend is down
• Trend strength (ADX/DI, 15m): ADX 28.3 with sellers in control (DI+ 14.7 vs DI− 37.7) → sellers are driving the move
Watch: Distance from 1h EMA50: −3.3 ATR from the 1h EMA50, overextended with bounce risk → price fell far below its average, a bounce is likely
Watch: The idea is wrong if price reaches the stop at 0.0689775
Bottom line: The daily bearish trend is the strongest support, while the 1h bounce risk is the main risk, meaning the price is far below its average and a snap back is likely.
Where do you place your invalidation if you are not comfortable with this setup?
Levels mapped on the chart below.
📲 Want more of my latest signals? Join me here:
https://app.binance.com/uni-qr/D26WbL9t
⚠️ 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.
