๐ $VELVET HEAVY BEARISH TREND EXPANDS AS SELLERS TIGHTEN THEIR GRIP! ๐ฉธ
Entry: 0.0584649 - 0.0587751 โก
Target: 0.0521313 ๐ฏ
Stop Loss: 0.0618643 โ ๏ธ
๐ Both the daily and 4H timeframes have locked into a aligned bearish EMA stack, leaving $VELVET noticeably underperforming $BTC in recent order flow. ๐ Momentum indicators confirm clear seller dominance with ADX printing 24.3 while buyer volume remains muted.
๐ก Overhead supply around the 0.0587 region provides a structured window for bears to position toward deeper downside targets. ๐ A push above 0.0618 invalidates the entire breakdown thesis. ๐ฌ Do you expect $VELVET to slide into target support first or reclaim resistance? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #VELVET #ShortSetup #Bearish #Crypto
๐ ๐ป
Entry: 0.0584649 - 0.0587751 โก
Target: 0.0521313 ๐ฏ
Stop Loss: 0.0618643 โ ๏ธ
๐ Both the daily and 4H timeframes have locked into a aligned bearish EMA stack, leaving $VELVET noticeably underperforming $BTC in recent order flow. ๐ Momentum indicators confirm clear seller dominance with ADX printing 24.3 while buyer volume remains muted.
๐ก Overhead supply around the 0.0587 region provides a structured window for bears to position toward deeper downside targets. ๐ A push above 0.0618 invalidates the entire breakdown thesis. ๐ฌ Do you expect $VELVET to slide into target support first or reclaim resistance? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #VELVET #ShortSetup #Bearish #Crypto
๐ ๐ป
