$VELVET trade alert
Short opportunity from 1.48 to 1.50 zone
Yo $VELVET has been on an absolute monster run
It went from 0.08 all the way up to 1.49
That's over 1700 percent gain
Now it's sitting at 1.33 and showing signs of exhaustion
MA 7 is at 1.27 and MA 25 at 0.88 both are far below
Price is extended and due for a serious cooldown
MACD is positive at 0.053 but look at the candles getting smaller
Momentum is slowing down at the top
Volume is dropping which tells me buyers are getting tired
The best short entry is between 1.48 and 1.50
First target is 1.30
Second target is 1.20
Third target is 1.10
Stop loss above 1.55
Short opportunity from 1.48 to 1.50 zone
Yo $VELVET has been on an absolute monster run
It went from 0.08 all the way up to 1.49
That's over 1700 percent gain
Now it's sitting at 1.33 and showing signs of exhaustion
MA 7 is at 1.27 and MA 25 at 0.88 both are far below
Price is extended and due for a serious cooldown
MACD is positive at 0.053 but look at the candles getting smaller
Momentum is slowing down at the top
Volume is dropping which tells me buyers are getting tired
The best short entry is between 1.48 and 1.50
First target is 1.30
Second target is 1.20
Third target is 1.10
Stop loss above 1.55