๐จ $VELVET BREAKDOWN ACCELERATES AS SELLERS PRESS HEAVY BELOW MULTI-TIMEFRAME RESISTANCE ๐
Entry: 0.0687048 โ 0.0691352 โก
Target: 0.0643059 ๐ฏ
Stop Loss: 0.0750721 ๐
๐ Market structure on $VELVET has completely rolled over, trapped firmly beneath both the 50 and 200 EMAs across the daily and 4-hour frames.
๐ Order flow momentum is red-hot with the 15-minute ADX clocking a blistering 52.2, showing aggressive downside pressure dominating the order book.
๐ก Even with price stretched over 3 ATR away from the hourly average, waiting for a retest into supply keeps risk razor-sharp before the next leg down. ๐ค Are you waiting for this relief bounce to trigger or fading the strength immediately? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #VELVET #ShortSetup #Bearish #PriceAction #Crypto
๐ โก
Entry: 0.0687048 โ 0.0691352 โก
Target: 0.0643059 ๐ฏ
Stop Loss: 0.0750721 ๐
๐ Market structure on $VELVET has completely rolled over, trapped firmly beneath both the 50 and 200 EMAs across the daily and 4-hour frames.
๐ Order flow momentum is red-hot with the 15-minute ADX clocking a blistering 52.2, showing aggressive downside pressure dominating the order book.
๐ก Even with price stretched over 3 ATR away from the hourly average, waiting for a retest into supply keeps risk razor-sharp before the next leg down. ๐ค Are you waiting for this relief bounce to trigger or fading the strength immediately? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #VELVET #ShortSetup #Bearish #PriceAction #Crypto
๐ โก