$VELVET is trading back into a supply zone where sellers may regain control.
Trading Plan Short🔻 $VELVET
Entry: 0.503 - 0.519✅
SL: 0.610🩸
TP1: 0.455🎯
TP2: 0.405🎯
TP3: 0.350🎯
The recent recovery has carried price back into an area that previously acted as resistance. With risk defined well above the liquidity zone, the setup favors a major downside expansion if sellers continue to defend this area and lower liquidity begins to unwind.
trade $VELVET here :
Trading Plan Short🔻 $VELVET
Entry: 0.503 - 0.519✅
SL: 0.610🩸
TP1: 0.455🎯
TP2: 0.405🎯
TP3: 0.350🎯
The recent recovery has carried price back into an area that previously acted as resistance. With risk defined well above the liquidity zone, the setup favors a major downside expansion if sellers continue to defend this area and lower liquidity begins to unwind.
trade $VELVET here :