$VELVET REJECTED AT KEY RESISTANCE – SHORT SETUP EMERGING 📉
Entry: 1.78 – 1.80 🔥
Target: 1.70 🚀
Stop Loss: 1.84 ⚠️
VELVET is printing multiple rejection candles at the resistance zone after a sharp rally, confirming seller dominance at this level. Volume is declining on the bounce, signaling waning bullish momentum. As long as price stays below 1.80, the path of least resistance is lower. The first target at 1.70 offers a clean 5% drop with room to extend toward 1.62.
Are you shorting this rejection or waiting for a retest of the breakout point?
Not financial advice. Always manage your risk.
#VELVET #ShortSetup #BearishRejection #Pullback
⚡
Entry: 1.78 – 1.80 🔥
Target: 1.70 🚀
Stop Loss: 1.84 ⚠️
VELVET is printing multiple rejection candles at the resistance zone after a sharp rally, confirming seller dominance at this level. Volume is declining on the bounce, signaling waning bullish momentum. As long as price stays below 1.80, the path of least resistance is lower. The first target at 1.70 offers a clean 5% drop with room to extend toward 1.62.
Are you shorting this rejection or waiting for a retest of the breakout point?
Not financial advice. Always manage your risk.
#VELVET #ShortSetup #BearishRejection #Pullback
⚡