Late-night chart check before bed — $VELVET is showing signs of a potential short.

$VELVET - SHORT

Trade Plan:

Entry: 0.31900 – 0.33160

SL: 0.36308

TP1: 0.28752

TP2: 0.27493

TP3: 0.24974

Why this setup?

I'm watching VELVET for a downside move on the 4h, but it only works if the zone keeps rejecting. The price is sitting in 0.31900 – 0.33160 around 0.32530, with the 1D still bullish. RSI 15m at 49 keeps momentum neutral enough for downside to build. 15m volume is 1.58M against a 1.36M quarter-hour 1H baseline (1.16x), so participation is decent for the fade to hold.

VELVETUSDT

Διην.

0.3593

-1.18%