🔻 $VELVET PUMP EXHAUSTS AT KEY RESISTANCE AS SELLERS HEAVY-HAND THE 0.0900 FLIP! 📉
Entry: 0.0877 - 0.0890 ⚡
Target: 0.0844 - 0.0805 🎯
Stop Loss: 0.0920 ⚠️
The recent expansion on $VELVET ran straight into a wall of passive sell orders around the 0.0900 ceiling. 📉 Buyers couldn't sustain momentum, leaving price printing lower highs as supply absorbs every attempt to push higher.
With resistance firmly established up to 0.0920, order flow points heavily toward a deeper liquidity drain down to the 0.0805 level. 📊 Risk-to-reward stays exceptionally clean while sellers maintain total dominance over this local structure. 💡
💬 Are you taking the short off this rejection or waiting for a clean breakdown confirmation below 0.0870? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #VELVET #ShortSetup #Bearish #Trading #Crypto
🔻 🐻
Entry: 0.0877 - 0.0890 ⚡
Target: 0.0844 - 0.0805 🎯
Stop Loss: 0.0920 ⚠️
The recent expansion on $VELVET ran straight into a wall of passive sell orders around the 0.0900 ceiling. 📉 Buyers couldn't sustain momentum, leaving price printing lower highs as supply absorbs every attempt to push higher.
With resistance firmly established up to 0.0920, order flow points heavily toward a deeper liquidity drain down to the 0.0805 level. 📊 Risk-to-reward stays exceptionally clean while sellers maintain total dominance over this local structure. 💡
💬 Are you taking the short off this rejection or waiting for a clean breakdown confirmation below 0.0870? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #VELVET #ShortSetup #Bearish #Trading #Crypto
🔻 🐻
