🚨 Trade Alert: $VELVET Short Opportunity 🚨
The chart shows a strong rejection from the highs with massive bearish momentum. After a sharp pump, price failed to hold and formed a long red candle — indicating heavy selling pressure and possible continuation to the downside.
🔻 Pair: $VELVET
🔻 Position: Short
📍 Entry: Current Market Price (CMP) ~ 1.51
🎯 Take Profit Targets:
• 1.40
• 1.30
• 1.20
• 1.00
🛑 Stop Loss: 1.65
⚠️ Momentum is clearly shifting bearish after a liquidity grab near the highs. If price sustains below 1.50, we could see further downside toward the mentioned targets.
💡 Trade smart, manage your risk, and always use proper position sizing.
#VELVET #CryptoSignals
The chart shows a strong rejection from the highs with massive bearish momentum. After a sharp pump, price failed to hold and formed a long red candle — indicating heavy selling pressure and possible continuation to the downside.
🔻 Pair: $VELVET
🔻 Position: Short
📍 Entry: Current Market Price (CMP) ~ 1.51
🎯 Take Profit Targets:
• 1.40
• 1.30
• 1.20
• 1.00
🛑 Stop Loss: 1.65
⚠️ Momentum is clearly shifting bearish after a liquidity grab near the highs. If price sustains below 1.50, we could see further downside toward the mentioned targets.
💡 Trade smart, manage your risk, and always use proper position sizing.
#VELVET #CryptoSignals