VELVET is on the cusp of a significant downturn, with a short setup that's too compelling to ignore. The current market structure is screaming for a reversal, and all signs point to a juicy profit opportunity.

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🔴 VELVET SHORT 📉

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📍 Entry Range: $0.852786 – $0.854494

🛑 Stop Loss: $0.879249 (-3.0%)

🎯 TP1: $0.840835 (+1.5%)

🏆 TP2: $0.810958 (+5.0%)

⚡ R/R Ratio: 1:1.7

📊 Confidence: 91%

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This VELVET short setup is particularly appealing due to the convergence of multiple signals, including a clear market structure break, volume confirmation, and a gaping fair value gap. The presence of an order block and a liquidity sweep only adds to the conviction, while the POI confluence of OB and FVG overlap provides a tight, high-probability target. With a confidence level of 91%, this trade has all the makings of a winner.

Given the 3.0% stop loss, this setup is relatively tight, suggesting that a moderate leverage of 2-3x would be suitable to maximize returns while minimizing risk.

It's worth considering taking partial profits at the first target, as this will not only lock in some gains but also allow for a risk-free ride to the subsequent targets, should the trade continue to unfold as expected.

Not financial advice — always manage your own risk 🙏

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