#shortidea
shortidea
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$VELVET DOUBLE TOP CONFIRMED — BREAK BELOW 1.50 COULD TRIGGER DEEP SELLOFF 📉
Price rejected twice at the same high, forming a clear double top on the daily. Selling pressure is mounting steadily, with lower highs on the 4H and volume clustering at the ask. 1.50 is the last major support before the structure fully breaks — and momentum suggests a breakdown is increasingly likely.
If that level gives way, the next liquidity pool sits near 1.35. Are you shorting the breakdown or waiting for a retest of the neckline?
Not financial advice. Always manage your risk.
#VELVET #BearishSetup #DoubleTop #Crypto #ShortIdea
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Price rejected twice at the same high, forming a clear double top on the daily. Selling pressure is mounting steadily, with lower highs on the 4H and volume clustering at the ask. 1.50 is the last major support before the structure fully breaks — and momentum suggests a breakdown is increasingly likely.
If that level gives way, the next liquidity pool sits near 1.35. Are you shorting the breakdown or waiting for a retest of the neckline?
Not financial advice. Always manage your risk.
#VELVET #BearishSetup #DoubleTop #Crypto #ShortIdea
⚡
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