VELVET is crumbling under a bearish wave as market sentiment pivots, and the price is now flirting with the 1.42 zone. The confluence of structural breaks makes the short narrative compelling.
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$VELVET SHORT ๐
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๐ Entry Range: $0.072467 โ $0.072613
๐ Stop Loss: $0.074716 (-3.0%)
๐ฏ TP1: $0.071452 (+1.5%)
๐ TP2: $0.068913 (+5.0%)
โก R/R Ratio: 1:1.7
๐ Confidence: 64%
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A clear change of character shattered the upward swing, and the CVD turned negative, confirming sellers are in control. The fair value gap aligns with a fresh order block that just ate liquidity, while the liquidity sweep knocked out the last long stop. All three signals overlap at the same price cluster, turning the zone into a highโprobability point of interest.
A 3.0โฏ% stop is relatively tight given the recent volatility, so a modest 5โ10ร leverage keeps risk manageable.
Take a partial profit around the first target as the price approaches the 1.38 resistance line.
DYOR โ this isn't financial advice, size your risk accordingly ๐
$VELVET #VELVETUSDT #fedminutesfocusonoctoberpause #TradingSignals #Write2Earn