$VELVET USDT shows a weak momentum because sellers are active in the market
SHORT Signal 📉
Current Price: 0.3251
Bias: Bearish — price remains weak after a major crash and is trading below key resistance.
Entry (EP):
0.323 – 0.335
Stop Loss (SL):
0.355
Take Profits (TPs):
TP1: 0.310
TP2: 0.290
TP3: 0.270
TP4: 0.240
Trade here 👇 $VELVET
Key Levels:
Resistance: 0.335 – 0.355
Support: 0.302
Breakdown Zone: Below 0.302
Trade Plan:
Short while price stays below 0.335.
If 0.302 breaks, momentum could accelerate toward 0.270–0.240.
Move SL to breakeven after TP1.
Risk Level: Very High
VELVET has shown extreme volatility and can produce sudden 10–20% swings.
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After a large decline, sharp relief rallies are common. Consider waiting for a rejection near resistance before entering a short position.