⚠️ Short Setup on $VELVET
📍 Entry Zone: 0.5554 – 0.5693
🛑 Stop Loss: 0.5978
🎯 Targets:
• TP1: 0.5209
• TP2: 0.4877
After an explosive rally, $VELVET is showing signs of exhaustion. A 1H RSI near 88 suggests the move is overheated, making a healthy pullback increasingly likely.
Watch for rejection around the entry zone before committing. If momentum fades, sellers could drive price back toward the listed targets.
⚠️ Risk Reminder: Rising open interest and strong bullish momentum could trigger one more squeeze before the correction. Stay disciplined and never go all-in—position size matters.
📊 Current Price: 0.5494 (+22.41%)
👀 Also keeping a close eye on: $HEI for the next high-probability setups.
📍 Entry Zone: 0.5554 – 0.5693
🛑 Stop Loss: 0.5978
🎯 Targets:
• TP1: 0.5209
• TP2: 0.4877
After an explosive rally, $VELVET is showing signs of exhaustion. A 1H RSI near 88 suggests the move is overheated, making a healthy pullback increasingly likely.
Watch for rejection around the entry zone before committing. If momentum fades, sellers could drive price back toward the listed targets.
⚠️ Risk Reminder: Rising open interest and strong bullish momentum could trigger one more squeeze before the correction. Stay disciplined and never go all-in—position size matters.
📊 Current Price: 0.5494 (+22.41%)
👀 Also keeping a close eye on: $HEI for the next high-probability setups.