🔻 $VELVET Bearish Continuation
Price in sharp decline after rejection from 1.922 high, trading well below all major MAs. Lower high and lower low structure with sustained selling pressure visible.
Trade Setup (Short)
Entry Zone: 0.385 – 0.392
Take Profit Targets:
TP1: 0.360
TP2: 0.330
TP3: 0.300
Stop Loss: 0.405
Sellers dominating with price struggling far below MA7/MA25/MA99. Continuation lower is likely if it fails to reclaim 0.39.
Disclaimer: This is not financial advice. Cryptocurrency trading involves high risk of loss. Always do your own research and trade responsibly at your own risk.
Sell and Trade $VELVET
🔻
Price in sharp decline after rejection from 1.922 high, trading well below all major MAs. Lower high and lower low structure with sustained selling pressure visible.
Trade Setup (Short)
Entry Zone: 0.385 – 0.392
Take Profit Targets:
TP1: 0.360
TP2: 0.330
TP3: 0.300
Stop Loss: 0.405
Sellers dominating with price struggling far below MA7/MA25/MA99. Continuation lower is likely if it fails to reclaim 0.39.
Disclaimer: This is not financial advice. Cryptocurrency trading involves high risk of loss. Always do your own research and trade responsibly at your own risk.
Sell and Trade $VELVET
🔻