๐จ $VELVET SHOWS HEAVY INSTITUTIONAL REJECTION AS DAILY EMA STRUCTURE SUPPRESSES BUYERS! ๐
Entry: 0.0718014 - 0.0724386 โก
Target: 0.0655065 ๐ฏ
Stop Loss: 0.0809381 โ ๏ธ
The macro framework on $VELVET remains strictly bearish, with price trading below both the 50 and 200 daily EMAs. ๐ Institutional distribution is evident as momentum metrics show sellers holding decisive control with ADX printing at a strong 45.2.
Any temporary push into the supply zone between 0.0718014 and 0.0724386 offers a textbook structural retest for smart money positioning. ๐ Hourly RSI sits depressed at 39.2, confirming momentum continues to favor lower-side liquidity expansion.
With higher-timeframe order flow heavily favoring the downside, defending the structural invalidation level is essential. ๐ฌ Are you waiting for a fill inside the supply block or watching for further structural breakdown? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #VELVET #ShortSetup #Crypto #TechnicalAnalysis #MarketStructure
๐ป ๐
Entry: 0.0718014 - 0.0724386 โก
Target: 0.0655065 ๐ฏ
Stop Loss: 0.0809381 โ ๏ธ
The macro framework on $VELVET remains strictly bearish, with price trading below both the 50 and 200 daily EMAs. ๐ Institutional distribution is evident as momentum metrics show sellers holding decisive control with ADX printing at a strong 45.2.
Any temporary push into the supply zone between 0.0718014 and 0.0724386 offers a textbook structural retest for smart money positioning. ๐ Hourly RSI sits depressed at 39.2, confirming momentum continues to favor lower-side liquidity expansion.
With higher-timeframe order flow heavily favoring the downside, defending the structural invalidation level is essential. ๐ฌ Are you waiting for a fill inside the supply block or watching for further structural breakdown? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #VELVET #ShortSetup #Crypto #TechnicalAnalysis #MarketStructure
๐ป ๐
