$VELVET — Sellers Are Building Pressure
Price is currently trading below the key moving averages with increasing downside pressure and weak momentum. This breakdown structure offers a fresh short opportunity as sellers continue to dominate the market.
$AKE and $MYX are also showing strong market activity.
Trade Plan
Entry: 0.0582
TP1: 0.0555
TP2: 0.0534
Final TP: 0.0507
Stop Loss: 0.0609
Invalidation: 0.0609
Price is currently trading below the key moving averages with increasing downside pressure and weak momentum. This breakdown structure offers a fresh short opportunity as sellers continue to dominate the market.
$AKE and $MYX are also showing strong market activity.
Trade Plan
Entry: 0.0582
TP1: 0.0555
TP2: 0.0534
Final TP: 0.0507
Stop Loss: 0.0609
Invalidation: 0.0609
