$VELVET Bears Still Control the Structure Until 0.82965 Is Reclaimed

$VELVET LIMIT ORDER

SHORT SELL

ENTRY: 0.47500 - 0.82965

TP1: 0.28766

TP2: 0.13289

TP3: 0.12617

SL: Above the swing high that forms on the rejection candle

VELVET remains firmly bearish on the 1H timeframe, with momentum, structure, and recent price action all pointing in the same direction. The market continues to print lower highs and lower lows, and there has been no meaningful bullish reclaim strong enough to challenge the downtrend.

VELVETUSDT

Διην.

0.3248

-13.22%