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$VELVET SHOWS CLEAR BEARISH STRUCTURE AS SELLING PRESSURE MOUNTS AT RESISTANCE 🚨
Entry: 0.0766 ⚡
Target: 0.073975 - 0.0696 🎯
Stop Loss: 0.079225 ⚠️
📌 Sellers are maintaining firm control of
$VELVET as price respects local market structure, rejecting near the key 0.0766 resistance area. 📊 Bears are aggressively leaning into this supply zone, setting up momentum for a continuation toward deeper lower bounds.
💡 Momentum indicators remain fully aligned down to the primary downside objective at 0.0696. 🌊 A clean loss of local demand will accelerate order flow, leaving buyers with minimal backing above the invalidation point at 0.079225. 💬 Are you loading short positions on this relief retest, or holding out for a sharper breakdown? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
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#VELVET #ShortSetup #Bearish #Crypto 📉 🐻