📉 $VELVET VELVET Short Setup – My Trade Plan
I've started building a short position on $VELVET because the price is trading near a strong resistance zone and the market sentiment looks overly bullish.
📍 Entry Zone
$1.80 – $1.90
🛑 Stop-Loss
Above $2.10
🎯 Take-Profit Targets
TP1: $1.50
TP2: $1.30
TP3: $1.00
📊 Trade Analysis
A positive funding rate indicates that most traders are holding long positions in the market. When there's a crowd on one side, the risk of a liquidity sweep increases. That's why I believe late long buyers could come under pressure, and we might see a strong move downwards in price.
Risk management is my top priority, so the stop-loss is clearly defined. If the bearish momentum continues, the chances of hitting targets could increase further.
⚠️ Note: This is my personal trade setup, not financial advice. Always trade with your own research and risk management.
#VELVET #Crypto #Trading #BinanceSquare #ShortTrade #altcoins #TradebStocks #WorldCupOpening2026 i#USBankSharesHitRecordHighOnIranDealOptimism
I've started building a short position on $VELVET because the price is trading near a strong resistance zone and the market sentiment looks overly bullish.
📍 Entry Zone
$1.80 – $1.90
🛑 Stop-Loss
Above $2.10
🎯 Take-Profit Targets
TP1: $1.50
TP2: $1.30
TP3: $1.00
📊 Trade Analysis
A positive funding rate indicates that most traders are holding long positions in the market. When there's a crowd on one side, the risk of a liquidity sweep increases. That's why I believe late long buyers could come under pressure, and we might see a strong move downwards in price.
Risk management is my top priority, so the stop-loss is clearly defined. If the bearish momentum continues, the chances of hitting targets could increase further.
⚠️ Note: This is my personal trade setup, not financial advice. Always trade with your own research and risk management.
#VELVET #Crypto #Trading #BinanceSquare #ShortTrade #altcoins #TradebStocks #WorldCupOpening2026 i#USBankSharesHitRecordHighOnIranDealOptimism