$VELVET
Price action is displaying a +22.74% advancement up to 0.6822 as buyers attempt to break out of lower consolidation. However, persistent selling pressure overhead is capping continuation attempts.
A short setup targeting a retracement into dynamic short-term support offers an optimal trade structure against extended buyer momentum.
EP
0.6950 - 0.7200
TP
0.6400
0.5950
0.5500
SL
0.7450
Sustaining price action below 0.7100 ensures downside momentum remains active toward lower price bounds.
Let's go $VELVET
$TST
#ZerohashSaysOCCReturnedTrustBankApplication #MUFGToUseBlockchainForJGBSettlement #SECIssuesNoActionLetterToFranklinTempleton
Price action is displaying a +22.74% advancement up to 0.6822 as buyers attempt to break out of lower consolidation. However, persistent selling pressure overhead is capping continuation attempts.
A short setup targeting a retracement into dynamic short-term support offers an optimal trade structure against extended buyer momentum.
EP
0.6950 - 0.7200
TP
0.6400
0.5950
0.5500
SL
0.7450
Sustaining price action below 0.7100 ensures downside momentum remains active toward lower price bounds.
Let's go $VELVET
$TST
#ZerohashSaysOCCReturnedTrustBankApplication #MUFGToUseBlockchainForJGBSettlement #SECIssuesNoActionLetterToFranklinTempleton