$VELVET WEAK VOLUME SIGNALS FURTHER DOWNSIDE AHEAD ๐ฏ
Volume is drying up on the daily and the recent bounce is forming lower highs. The structure still points toward a retest of the old low โ roughly 20% below current price. Each minor relief rally has been absorbed quickly, suggesting sellers remain in control.
The lack of buying conviction here makes shorting into resistance a high-probability move. Are you leaning short or still waiting for confirmation?
Not financial advice. Always manage your risk.
#VELVET #ShortSetup #BearishMomentum #VolumeDrop
๐ฏ
Volume is drying up on the daily and the recent bounce is forming lower highs. The structure still points toward a retest of the old low โ roughly 20% below current price. Each minor relief rally has been absorbed quickly, suggesting sellers remain in control.
The lack of buying conviction here makes shorting into resistance a high-probability move. Are you leaning short or still waiting for confirmation?
Not financial advice. Always manage your risk.
#VELVET #ShortSetup #BearishMomentum #VolumeDrop
๐ฏ
