$VELVET Short
Entry: 1.60–1.65
SL: 1.71
TP: 1.50 / 1.45
R:R: about 1:1.8
Time horizon: 1–2 days
Confidence: 40%
Logic: only fade it on a rejection into resistance. VELVET has strong momentum, but it’s also a crowded narrative move, so failed continuation can dump quickly.
Entry: 1.60–1.65
SL: 1.71
TP: 1.50 / 1.45
R:R: about 1:1.8
Time horizon: 1–2 days
Confidence: 40%
Logic: only fade it on a rejection into resistance. VELVET has strong momentum, but it’s also a crowded narrative move, so failed continuation can dump quickly.