$VELVET Heavy Rejection Could Drive Another Sharp Drop.
Trade Setup: Short
Entry Zone: 0.2450 – 0.2600
TP1: 0.2200
TP2: 0.2000
TP3: 0.1800
SL: 0.3150
VELVET remains under strong bearish pressure after a massive breakdown, with the recent bounce failing to reclaim key resistance.
If price stays below the 0.30 area, sellers could push the next leg lower toward 0.22, 0.20 and 0.18.
Trade Here On $VELVET
Trade Setup: Short
Entry Zone: 0.2450 – 0.2600
TP1: 0.2200
TP2: 0.2000
TP3: 0.1800
SL: 0.3150
VELVET remains under strong bearish pressure after a massive breakdown, with the recent bounce failing to reclaim key resistance.
If price stays below the 0.30 area, sellers could push the next leg lower toward 0.22, 0.20 and 0.18.
Trade Here On $VELVET
