$VELVET just dropped to 0.1281, down over -28.03% in a single day! From a low near 0.1261, it shot up to 0.1862 before cooling off sharply. Heavy bearish candles with high volume show intense momentum — sellers are clearly in control.
Trade Setup 📊
• Entry Zone: 0.1270 – 0.1290
• Target 1 🎯: 0.1316
• Target 2 🎯: 0.1387
• Target 3 🎯: 0.1459
• Stop Loss: 0.1240
If $VELVET breaks above 0.1316 with volume, expect a strong relief rally — momentum could push it back toward higher resistance fast.
#VELVET
#HKJulyGoldNetExportsToMainland56.193Tons
Trade Setup 📊
• Entry Zone: 0.1270 – 0.1290
• Target 1 🎯: 0.1316
• Target 2 🎯: 0.1387
• Target 3 🎯: 0.1459
• Stop Loss: 0.1240
If $VELVET breaks above 0.1316 with volume, expect a strong relief rally — momentum could push it back toward higher resistance fast.
#VELVET
#HKJulyGoldNetExportsToMainland56.193Tons
