🔴 **$VELVET | Short Setup**
VELVET is trading around **1.72742** and showing signs of exhaustion after a strong rally. If price continues to reject this area, sellers could take control for another leg lower.
**Trade Plan**
• Entry: **1.71 – 1.75**
• Stop Loss: **1.84**
• TP1: **1.60**
• TP2: **1.48**
• TP3: **1.32**
**Why I'm interested**
• Price is testing a key resistance zone.
• Momentum is beginning to slow after the recent push.
🤑• The setup offers an attractive risk-to-reward if rejection is confirmed.
I don't short because the price looks high. I short when the market starts showing weakness.
👇 **Let price confirm the rejection before entering. The best trades are built on patience, not prediction.**Just sell.Follow-@ALX_Trade for more signals with reasons.
#VELVET
VELVET is trading around **1.72742** and showing signs of exhaustion after a strong rally. If price continues to reject this area, sellers could take control for another leg lower.
**Trade Plan**
• Entry: **1.71 – 1.75**
• Stop Loss: **1.84**
• TP1: **1.60**
• TP2: **1.48**
• TP3: **1.32**
**Why I'm interested**
• Price is testing a key resistance zone.
• Momentum is beginning to slow after the recent push.
🤑• The setup offers an attractive risk-to-reward if rejection is confirmed.
I don't short because the price looks high. I short when the market starts showing weakness.
👇 **Let price confirm the rejection before entering. The best trades are built on patience, not prediction.**Just sell.Follow-@ALX_Trade for more signals with reasons.
#VELVET