$VELVET short sett up
Entry Zone: $1.54 – $1.57
Stop Loss: $1.62
Take Profit 1: $1.48
Take Profit 2: $1.42
Take Profit 3: $1.35
For a higher-probability short, wait for bearish confirmation such as a rejection candle or increasing selling volume near the entry zone. If the price breaks above $1.62 with strong momentum, the bearish setup is no longer valid.
Entry Zone: $1.54 – $1.57
Stop Loss: $1.62
Take Profit 1: $1.48
Take Profit 2: $1.42
Take Profit 3: $1.35
For a higher-probability short, wait for bearish confirmation such as a rejection candle or increasing selling volume near the entry zone. If the price breaks above $1.62 with strong momentum, the bearish setup is no longer valid.