Everyone’s chasing the daily uptrend on $VELVET /USDT, but the 4H chart is telling a completely different story.
🔻 $VELVET — SHORT SETUP
📍 Entry: 0.4380 – 0.4406
🛑 Stop Loss: 0.4696
🎯 TP1: 0.4165
🎯 TP2: 0.4014
🎯 TP3: 0.3787
Why I'm looking lower:
• Daily trend remains bullish, but the 4H is flashing a high-probability short signal with 92% confidence. • 15m RSI has already rolled over to 34.13, showing momentum is fading fast. • Price is approaching a key rejection zone where sellers have historically stepped in. • 1H ATR sits at just 0.0126—low volatility often precedes explosive moves, and this setup favors downside expansion.
The crowd sees continuation.
I see a potential bull trap.
Question for traders: Are you buying the daily strength, or shorting the 4H reversal before the market catches on?
🔻 $VELVET — SHORT SETUP
📍 Entry: 0.4380 – 0.4406
🛑 Stop Loss: 0.4696
🎯 TP1: 0.4165
🎯 TP2: 0.4014
🎯 TP3: 0.3787
Why I'm looking lower:
• Daily trend remains bullish, but the 4H is flashing a high-probability short signal with 92% confidence. • 15m RSI has already rolled over to 34.13, showing momentum is fading fast. • Price is approaching a key rejection zone where sellers have historically stepped in. • 1H ATR sits at just 0.0126—low volatility often precedes explosive moves, and this setup favors downside expansion.
The crowd sees continuation.
I see a potential bull trap.
Question for traders: Are you buying the daily strength, or shorting the 4H reversal before the market catches on?