$VELVET First TP Completed, Downward Momentum Remains | Eazy Signals on Binance Square

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$VELVET First TP Completed, Downward Momentum Remains 🔻
VELVETUSDT
Perp
0.11773
+3.76%
The VELVET short position has reached TP1, a downtrend as expected 🔥
For those who entered between 0.11500 and 0.11800, you are now profiting after hitting TP1 around 0.11000. You can take partial profits, move your stop loss to the break-even point, or let the rest continue to reach further targets.
Looking back at the plan:
VELVET Short Trading Plan (10x)
Entry: 0.11500 – 0.11800
SL: 0.12500
TP1: 0.11000 ✅
TP2: 0.10000
TP3: 0.09000
The price has dropped quite neatly after being rejected at the resistance zone. The current slight rebound is not strong enough to break the bearish structure. If this momentum continues, TP2 and TP3 are completely within reach.
Have you taken profit on TP1 or are you holding to wait for further declines? Comment below! 🚀

Eazy Signals

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$VELVET Pushing into the Resistance Zone, Short with Discipline
{future}(VELVETUSDT)
VELVET Short Trading Plan (Maximum 10x)

👉Entry: 0.11500 – 0.11800
SL: 0.12500

TP1: 0.11000
TP2: 0.10000
TP3: 0.09000

VELVET is pushing up to the 0.11500 – 0.11800 zone after a pullback from below. But don't get your hopes up, this zone is showing clear signs of resistance. The current movement looks sluggish, volume isn't explosive, and the overall structure still favors sellers.

The stop loss is placed at 0.12500 – a fairly clean round mark, above the resistance zone. If it gets swept, don't regret it. If the price is rejected here, the targets of 0.11000 → 0.10000 → 0.09000 are entirely feasible.

The distance from entry to stop loss is quite wide (~5.9-8.7%). Divide your capital and manage risk well. The targets are far apart, so be patient and take profits gradually.

Do you think this area is stable? Or is there still an upward wave? Comment to discuss!

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