🚨 $VELVET PRINTS HEAVY MULTI-TIMEFRAME RESISTANCE AS SELLERS PREPARE THE NEXT LEG DOWN 📉
Entry: 0.0523162 - 0.0525038 ⚡
Target: 0.0509825 🎯
Stop Loss: 0.0543134 🛑
📌 Market structure on $VELVET remains strictly governed by higher-timeframe order flow, with the daily, 4H, and 1H trends trapped decisively below both the 50 and 200 EMAs. While lower-timeframe buyers attempt a corrective push into the supply zone, 4H momentum remains muted with RSI pinned below 45.
🌊 Institutional supply above 0.0523 offers an asymmetric location to lean into trend continuation as overhead liquidity is swept. 💬 Do you expect this supply zone to reject price cleanly, or will buyers attempt a deeper liquidity sweep before the breakdown?
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #VELVET #ShortSetup #Bearish #PriceAction #Crypto
🎯 🦈
Entry: 0.0523162 - 0.0525038 ⚡
Target: 0.0509825 🎯
Stop Loss: 0.0543134 🛑
📌 Market structure on $VELVET remains strictly governed by higher-timeframe order flow, with the daily, 4H, and 1H trends trapped decisively below both the 50 and 200 EMAs. While lower-timeframe buyers attempt a corrective push into the supply zone, 4H momentum remains muted with RSI pinned below 45.
🌊 Institutional supply above 0.0523 offers an asymmetric location to lean into trend continuation as overhead liquidity is swept. 💬 Do you expect this supply zone to reject price cleanly, or will buyers attempt a deeper liquidity sweep before the breakdown?
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #VELVET #ShortSetup #Bearish #PriceAction #Crypto
🎯 🦈
