👀 𝗩𝗘𝗟𝗩𝗘𝗧 𝗜𝘀 𝗙𝗮𝗹𝗹𝗶𝗻𝗴 𝗙𝗮𝘀𝘁 — 𝗕𝘂𝘆𝗲𝗿𝘀 𝗔𝗿𝗲 𝗦𝘁𝗿𝘂𝗴𝗴𝗹𝗶𝗻𝗴 𝗧𝗼 𝗛𝗼𝗹𝗱
$VELVET is under strong selling pressure after a sharp drop, with price structure still showing weakness across the board. Buyers have not managed to reclaim control, and every small bounce is getting rejected quickly. This usually signals continuation risk until a clear reversal appears.
At the moment, liquidity is fading and volatility remains high, meaning sudden spikes can happen but lack follow-through.
Trade Setup:
Buy Zone: N/A (no long setup confirmed)
Stop Loss: N/A
Take Profit: N/A
Watch Level for Reversal: 0.375 (reclaim needed for any bounce confirmation)
Downside Focus: 0.3401 (key support zone)
Until price reclaims strength, any long attempt carries high risk and low probability setups.
This is a “wait for confirmation” market, not a chase market.
Do you think VELVET stabilizes here or continues sliding further? 👇
