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🚨 $VELVET SHORT SETUP ACTIVATED 👀📉
After a parabolic rally, $VELVET is showing signs of exhaustion near major resistance. ⚠️
🔻 Trade: SHORT
📍 Entry: $1.77245 🛑 Stop Loss: $1.93500
🎯 TP1: $1.66320 🎯 TP2: $1.50000 🎯 TP3: $1.37048
Why traders are watching:
📈 Rally became overextended ⚡ Momentum slowing near resistance 💰 Profit-taking pressure increasing 📉 Technical correction risk rising
Parabolic moves rarely go straight up forever. The key question now is whether bulls can defend support or if a deeper pullback begins.
Manage risk and let the setup play out. 👀🔥