$VELVET BEARS JUST TURNED THE TIDE — REJECTION AT 1.17 OPENS THE SHORT 🐻📉
Entry: 1.14 - 1.17 ⚡
Target: 1.05, 0.90, 0.62 🎯
Stop Loss: 1.38 🛑
The rally off the lows slammed straight into that 1.17 wall and got swatted back — classic first-touch rejection. Volume is thinning out while sellers stack asks at the top, and that's the fingerprint of distribution, not accumulation. 📉
If bearish pressure holds below the 1.14–1.17 zone, price opens up a retrace path toward 1.05, then 0.90, with the 0.62 extension in play if the flush accelerates. 💡 Watch for a reclaim above 1.17 — that's the only thing that kills this trade. 🤔 Are you early with the short or waiting for a clean cleanup below 1.14? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #VELVET #ShortSetup #RejectionTrade #Crypto
🐻 🎯
Entry: 1.14 - 1.17 ⚡
Target: 1.05, 0.90, 0.62 🎯
Stop Loss: 1.38 🛑
The rally off the lows slammed straight into that 1.17 wall and got swatted back — classic first-touch rejection. Volume is thinning out while sellers stack asks at the top, and that's the fingerprint of distribution, not accumulation. 📉
If bearish pressure holds below the 1.14–1.17 zone, price opens up a retrace path toward 1.05, then 0.90, with the 0.62 extension in play if the flush accelerates. 💡 Watch for a reclaim above 1.17 — that's the only thing that kills this trade. 🤔 Are you early with the short or waiting for a clean cleanup below 1.14? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #VELVET #ShortSetup #RejectionTrade #Crypto
🐻 🎯
