SHORT $VELVET / USDT
Bias: Bearish (Strong)
Entry Zone: 0.0524763 – 0.0527037
Stop Loss (SL): 0.0552554 (+5.1%)
Take Profit Targets
TP1: 0.0505910 (-3.8%) — Close 50% & move SL to entry
TP2: 0.0492583 (-6.3%) — Close 25%
TP3: 0.0472592 (-10.1%) — Close 25%
Trade Plan
Entry: Wait for price to pull back into the entry zone.
Management: Lock in profits progressively at TP1, TP2, and TP3.
Risk Mitigation: Move the stop loss to your entry price immediately after hitting TP1.
Market Rationale & Analysis
Trend Alignment: Multi-timeframe structure is strongly bearish, with daily, 4h, and 1h charts trading below both the EMA50 and EMA200.
Signal Strength: 6 technical signals agree with the short bias, with only 1 against.
Key Risk: The 1h RSI is currently sitting at 24.2 (oversold), raising the probability of a short-term relief bounce.
Journal Note: Watching for a rejection near moving averages. While the trend favors the downside, patience is required to let the oversold 1h RSI cool off or bounce into the entry zone before execution.
$VELVET
#KOSPIFalls3.53%BackBelow6000 #BinanceWillListPredictPREDICT
Bias: Bearish (Strong)
Entry Zone: 0.0524763 – 0.0527037
Stop Loss (SL): 0.0552554 (+5.1%)
Take Profit Targets
TP1: 0.0505910 (-3.8%) — Close 50% & move SL to entry
TP2: 0.0492583 (-6.3%) — Close 25%
TP3: 0.0472592 (-10.1%) — Close 25%
Trade Plan
Entry: Wait for price to pull back into the entry zone.
Management: Lock in profits progressively at TP1, TP2, and TP3.
Risk Mitigation: Move the stop loss to your entry price immediately after hitting TP1.
Market Rationale & Analysis
Trend Alignment: Multi-timeframe structure is strongly bearish, with daily, 4h, and 1h charts trading below both the EMA50 and EMA200.
Signal Strength: 6 technical signals agree with the short bias, with only 1 against.
Key Risk: The 1h RSI is currently sitting at 24.2 (oversold), raising the probability of a short-term relief bounce.
Journal Note: Watching for a rejection near moving averages. While the trend favors the downside, patience is required to let the oversold 1h RSI cool off or bounce into the entry zone before execution.
$VELVET
#KOSPIFalls3.53%BackBelow6000 #BinanceWillListPredictPREDICT
