๐จ $VELVET SHOWS HEAVYWEIGHT DISTRIBUTION AS SELLERS REASSERT MACRO BEARISH STRUCTURE ๐
Entry: 0.0712757 - 0.0717043 โก
Target: 0.0661116 ๐ฏ
Stop Loss: 0.0786612 โ ๏ธ
$VELVET remains locked in a textbook macro markdown phase, trading well below its daily EMA50 and EMA200 alignment. ๐ While short-term lower timeframe buyers are attempting a brief recovery push, higher timeframe momentum shows firm seller dominance with ADX printing above 51.
๐ Price action is currently retesting the supply zone for premium short execution. ๐ With the 1-hour RSI remaining capped below 45, any weak bounce offers favorable asymmetric positioning toward lower liquidity pools. ๐ฌ What key structural pivot are you watching before managing risk on this setup? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #VELVET #ShortSetup #Bearish #Crypto #TechnicalAnalysis
๐ ๐ฏ
Entry: 0.0712757 - 0.0717043 โก
Target: 0.0661116 ๐ฏ
Stop Loss: 0.0786612 โ ๏ธ
$VELVET remains locked in a textbook macro markdown phase, trading well below its daily EMA50 and EMA200 alignment. ๐ While short-term lower timeframe buyers are attempting a brief recovery push, higher timeframe momentum shows firm seller dominance with ADX printing above 51.
๐ Price action is currently retesting the supply zone for premium short execution. ๐ With the 1-hour RSI remaining capped below 45, any weak bounce offers favorable asymmetric positioning toward lower liquidity pools. ๐ฌ What key structural pivot are you watching before managing risk on this setup? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #VELVET #ShortSetup #Bearish #Crypto #TechnicalAnalysis
๐ ๐ฏ
