VELVET keeps sliding in a trend that is already stacked bearish.

🔴 SHORT $VELVET /USDT: expecting price to go DOWN
Bias: SHORT · Strong

Entry: 0.0695489 – 0.0699111
TP1: 0.0664447 (-4.7%)
TP2: 0.0642546 (-7.9%)
TP3: 0.0609693 (-12.6%)
SL: 0.0741103 (+6.3%)
Plan: enter only inside the zone, take half at TP1, then move the stop to entry.

Why SHORT? 6/12 signals agree, 0 against.
• Daily trend down (below EMA50 & EMA200)
• 1h trend down (below EMA50 & EMA200)
• Sellers are driving the move (15m ADX 30.4)

If it plays out:
If the daily bearish trend and 1h bearish momentum hold, the 1h price should drop toward the first target, with the 1h RSI showing room to keep falling.

If it fails:
A close above the invalidation level would signal the trend is reversing, so I would exit immediately.

Where do you set your stop for this short?

Chart with every level below.

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⚠️ 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.