🚨 $VELVET USDT EMERGENCY SHORT ALERT – OVERSOLD DUMP IN PROGRESS! 📉
$VELVET just smashed through key support and is bleeding hard — currently trading at 0.15034 with a brutal -12.28% drop in the last day! 😱
24h low already hit 0.13613, and the chart is screaming extreme weakness:
RSI(6) deeply oversold at ~16.5 | RSI(14) ~28 — classic capitulation zone
Heavy red candles breaking Bollinger lower band
Long/Short Ratio tilted to 63% Longs getting liquidated
MACD bearish crossover accelerating downward
Massive volume spike on the dump — panic selling in full swing
This looks like a continued downside momentum play. The price is hugging the lower channel and showing no immediate reversal signs.
Trade Forecast (Short Position – High Conviction Bearish)
Entry now / around 0.1500 – 0.1520
🎯 Take Profit 1: 0.1360 (recent low – +~9–10%)
🎯 Take Profit 2: 0.1320 (next major support)
🛑 Stop Loss: 0.1630 (above recent swing high – protect against sudden bounce)
Risk management is key — don't overleverage in this volatile altcoin! But if you're hunting sharp moves... this could deliver fast profits on the downside.
Who's joining the short side? Drop your thoughts below! 💬
Trade $VELVET USDT Now! Follow & turn 🔔 on ✅ for more high-probability setups!
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