$VELVET has now lost it's bullish charm

Short $VELVET

Entry: 1.05 - 1.35

SL: 1.50

TP1: 0.92

TP2: 0.82

TP3: 0.72

TP4: 0.60

Why:

VELVET has suffered a sharp breakdown from the 1.60 region, losing both the 7MA and 25MA with heavy selling volume. Unless buyers reclaim the 1.18 area with strong volume, the overall structure favors further downside toward lower support zones.

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VELVETUSDT

Perp

0.41155

-73.52%

Trade smart. DYOR.