📉 $VELVET — Bearish Short Setup / Dead Cat Bounce Fade
SHORT $VELVET
Entry: 0.11200 to 0.11500
SL: 0.12500
🎯 Take Profit:
TP1: 0.10800
TP2: 0.10690 24h Low
TP3: 0.10000
TP4: 0.09000
TP5: 0.08000
Price: 0.1121 -17.94% Today
24h Range: 0.1069 to 0.1377
Volume: 548.34M VELVET 66.72M USDT
Structure: Massive dump. Was 0.85 → spike to 0.90 then crashed to 0.1121. 1h chart: only small bounces since the drop. Multi-timeframe: -12.56% Today, -83.39% 7D, -75.74% 30D. Orderbook: 54% bids vs 46% asks but bids are thin.
🔑 Key Level: Break + 15m close below 0.10690 24h Low opens 0.10000 to 0.08000
⚠️ Risk Note: Break + 15m close above 0.12500 invalidates. That means bounce to 0.13000 to 0.1377 24h High. Low cap after -83% week = 20% pumps can happen. Size small, take partials at TP2 TP3.
SHORT $VELVET
Entry: 0.11200 to 0.11500
SL: 0.12500
🎯 Take Profit:
TP1: 0.10800
TP2: 0.10690 24h Low
TP3: 0.10000
TP4: 0.09000
TP5: 0.08000
Price: 0.1121 -17.94% Today
24h Range: 0.1069 to 0.1377
Volume: 548.34M VELVET 66.72M USDT
Structure: Massive dump. Was 0.85 → spike to 0.90 then crashed to 0.1121. 1h chart: only small bounces since the drop. Multi-timeframe: -12.56% Today, -83.39% 7D, -75.74% 30D. Orderbook: 54% bids vs 46% asks but bids are thin.
🔑 Key Level: Break + 15m close below 0.10690 24h Low opens 0.10000 to 0.08000
⚠️ Risk Note: Break + 15m close above 0.12500 invalidates. That means bounce to 0.13000 to 0.1377 24h High. Low cap after -83% week = 20% pumps can happen. Size small, take partials at TP2 TP3.
