Everyone watching the bounce could be caught on the wrong side of $VELVET . 👀
$VELVET / USDT — 🟢 SHORT · Conf. 70%
Trade Plan:
Entry: 0.0566335 – 0.0569665
SL: 0.0612069
TP1: 0.0534949
TP2: 0.0512914
TP3: 0.0479863
Why this setup?
VELVET is trading around 0.0568000, sitting directly inside the tight entry zone.
The 15M RSI at 39.87 keeps short-term momentum bearish without being oversold, while the 1H ATR at 0.001836 shows the current volatility range.
The daily trend remains bearish, making this a trend-following setup based on the stated thesis.
Targets: 0.0534949 → 0.0512914 → 0.0479863
Invalidation: 0.0803080 — the stated level where the bearish structure would be invalidated.
Debate: Are we heading cleanly toward TP2 at 0.0512914, or is this bounce setting up a quick reversal? 👀
👇 Click here to view the chart
$VELVET / USDT — 🟢 SHORT · Conf. 70%
Trade Plan:
Entry: 0.0566335 – 0.0569665
SL: 0.0612069
TP1: 0.0534949
TP2: 0.0512914
TP3: 0.0479863
Why this setup?
VELVET is trading around 0.0568000, sitting directly inside the tight entry zone.
The 15M RSI at 39.87 keeps short-term momentum bearish without being oversold, while the 1H ATR at 0.001836 shows the current volatility range.
The daily trend remains bearish, making this a trend-following setup based on the stated thesis.
Targets: 0.0534949 → 0.0512914 → 0.0479863
Invalidation: 0.0803080 — the stated level where the bearish structure would be invalidated.
Debate: Are we heading cleanly toward TP2 at 0.0512914, or is this bounce setting up a quick reversal? 👀
👇 Click here to view the chart
