$VELVET IS REJECTING SUPPLY WITH MULTIPLE TARGETS IN PLAY 🎯
Entry: 0.6400 - 0.6600 🔥
Target: 0.6200, 0.6000, 0.5800, 0.5700 🚀
Stop Loss: 0.6900 ⚠️
Price is slamming into a heavy resistance zone around 0.66 and the momentum is clearly fading. The last three candles on the 15m show lower highs with increasing sell volume — exactly the kind of setup that rewards shorts before longs get trapped.
Four target levels mean one thing: the market expects a cascade lower once 0.6200 breaks. The risk-reward from entry to first target alone is almost 1:2. What's your move — shorting this rejection or waiting for a reclaim above 0.69?
Not financial advice. Always manage your risk.
#VELVET #ShortSetup #SellTheRip #Crypto #BinanceSquare
🔥
Entry: 0.6400 - 0.6600 🔥
Target: 0.6200, 0.6000, 0.5800, 0.5700 🚀
Stop Loss: 0.6900 ⚠️
Price is slamming into a heavy resistance zone around 0.66 and the momentum is clearly fading. The last three candles on the 15m show lower highs with increasing sell volume — exactly the kind of setup that rewards shorts before longs get trapped.
Four target levels mean one thing: the market expects a cascade lower once 0.6200 breaks. The risk-reward from entry to first target alone is almost 1:2. What's your move — shorting this rejection or waiting for a reclaim above 0.69?
Not financial advice. Always manage your risk.
#VELVET #ShortSetup #SellTheRip #Crypto #BinanceSquare
🔥