VELVET is losing ground inside a bearish stack
🔴 SHORT $VELVET /USDT: expecting price to go DOWN
Bias: SHORT · Strong
Entry: 0.0591365 – 0.0593235
TP1: 0.0576273 (-2.7%)
TP2: 0.0565589 (-4.5%)
TP3: 0.0549562 (-7.2%)
SL: 0.0613669 (+3.6%)
Plan: enter only inside the zone, close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Why SHORT? 6/12 signals agree, 0 against.
• Daily trend down (below EMA50 & EMA200)
• 4h trend down (below EMA50 & EMA200)
• 1h trend down (below EMA50 & EMA200)
My read on VELVET today
I'm watching VELVET for a short entry on the 4h chart. The daily trend is bearish and the 4h trend is also bearish. I want to see price push toward 0.0593235 to add, with the 1h RSI near 50.8 as a sign the short-term move is still flexible. The main risk is that the 1h trend is neutral, so a sudden relief bounce could shake out weak hands.
Where would you place your invalidation level?
Full setup 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: 0.0591365 – 0.0593235
TP1: 0.0576273 (-2.7%)
TP2: 0.0565589 (-4.5%)
TP3: 0.0549562 (-7.2%)
SL: 0.0613669 (+3.6%)
Plan: enter only inside the zone, close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Why SHORT? 6/12 signals agree, 0 against.
• Daily trend down (below EMA50 & EMA200)
• 4h trend down (below EMA50 & EMA200)
• 1h trend down (below EMA50 & EMA200)
My read on VELVET today
I'm watching VELVET for a short entry on the 4h chart. The daily trend is bearish and the 4h trend is also bearish. I want to see price push toward 0.0593235 to add, with the 1h RSI near 50.8 as a sign the short-term move is still flexible. The main risk is that the 1h trend is neutral, so a sudden relief bounce could shake out weak hands.
Where would you place your invalidation level?
Full setup 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.
