๐จ $VELVET SLAMS INTO RESISTANCE AS SELLERS RECLAIM CONTROL AT THE TOP! ๐
Entry: 0.1063 - 0.1072 โก
Target: 0.1020 / 0.0980 / 0.0932 ๐ฏ
Stop Loss: 0.1126 โ ๏ธ
$VELVET just got aggressively rejected at the critical 0.1070โ0.1087 supply wall, proving buyers lack the momentum to force a breakout. ๐ Sellers are stepping in with heavy size, leaving behind a sharp upper wick that signals order flow is shifting downward.
๐ With buying pressure evaporating on lower timeframes, the path of least resistance tilts straight into lower support targets. ๐ก Short-side momentum is building quickly as market participants position for a deeper retracement. ๐ฌ Are you taking the short entry here or waiting for support to crack first? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #VELVET #ShortSetup #Crypto #Trading
๐ ๐ป
Entry: 0.1063 - 0.1072 โก
Target: 0.1020 / 0.0980 / 0.0932 ๐ฏ
Stop Loss: 0.1126 โ ๏ธ
$VELVET just got aggressively rejected at the critical 0.1070โ0.1087 supply wall, proving buyers lack the momentum to force a breakout. ๐ Sellers are stepping in with heavy size, leaving behind a sharp upper wick that signals order flow is shifting downward.
๐ With buying pressure evaporating on lower timeframes, the path of least resistance tilts straight into lower support targets. ๐ก Short-side momentum is building quickly as market participants position for a deeper retracement. ๐ฌ Are you taking the short entry here or waiting for support to crack first? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #VELVET #ShortSetup #Crypto #Trading
๐ ๐ป
