$VELVET Short Setup (Current Price: 1.68)
Entry Zone: 1.68 – 1.72
Stop Loss: 1.78
Take Profit 1: 1.60
Take Profit 2: 1.52
Take Profit 3: 1.42
Trade Idea:
Wait for rejection around 1.70–1.72 before entering.
Move stop loss to breakeven after TP1 is reached.
If price breaks and holds above 1.78, the short setup is invalidated.
This setup is based only on the current price provided. A chart/timeframe would allow a more accurate analysis.
{future}(VELVETUSDT)