VELVET is fading inside a daily bearish stack.

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

Entry: 0.0575901 – 0.0579499
TP1: 0.0549255 (-4.9%)
TP2: 0.0530291 (-8.2%)
TP3: 0.0501846 (-13.1%)
SL: 0.0615627 (+6.6%)
Plan: enter only inside the zone, close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.
Note: moderate conviction only, keep size light.

Why SHORT? 5/12 signals agree, 3 against.
• Daily trend down (below EMA50 & EMA200)
• 4h trend down (below EMA50 & EMA200)
• 1h trend down (below EMA50 & EMA200)
Risk: Buyers are driving the move (15m ADX 24.5)

Bear path:
If price holds below the entry zone and the daily trend keeps it under the EMAs, it could drift toward the first target, as the 4h bearish stack suggests sellers are in control.

What kills it:
Buyer volume and a rising 15m RSI prove the move is driven by demand, so I would exit and wait.

Where are you taking profit on a short here?

Full setup on the chart 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.