🚨 $VELVET at the danger zone 🚨
0.33 → 1.94 rip complete. Now testing 1.98-2.00 old high.
Catch? This exact zone nuked price in mid June.
That was the Buying Climax = BC on chart 🩸
Coming back to same level after vertical move =
Textbook Double Top Death Trap ☠️
Two peaks. Second fails = fast unravel.
What I'm watching 👀
1. 1.98-2.00 ceiling: Clean break + hold = bullish flip ✅
2. Rejection + lower high = trap is live ⚠️
3. Volume: Loud push but fading at top = yellow flag 🟡
Vertical moves don't die gently. They snap 🔪
Chasing here = ugly R:R. Smart money sweeps weak high, traps longs, then dumps 🎣
If 2.00 rejects → $0.45 → $0.33 Strong Low next 📉
Patience > FOMO. Let level prove itself 🧘
Make or break zone:
> $2.00 hold = continuation
< $2.00 rejection = two graves ⚔️
NFA. $VELVET $1.838 +21.6%
#VELVET #Crypto #TechnicalAnalysis #RiskManagement
0.33 → 1.94 rip complete. Now testing 1.98-2.00 old high.
Catch? This exact zone nuked price in mid June.
That was the Buying Climax = BC on chart 🩸
Coming back to same level after vertical move =
Textbook Double Top Death Trap ☠️
Two peaks. Second fails = fast unravel.
What I'm watching 👀
1. 1.98-2.00 ceiling: Clean break + hold = bullish flip ✅
2. Rejection + lower high = trap is live ⚠️
3. Volume: Loud push but fading at top = yellow flag 🟡
Vertical moves don't die gently. They snap 🔪
Chasing here = ugly R:R. Smart money sweeps weak high, traps longs, then dumps 🎣
If 2.00 rejects → $0.45 → $0.33 Strong Low next 📉
Patience > FOMO. Let level prove itself 🧘
Make or break zone:
> $2.00 hold = continuation
< $2.00 rejection = two graves ⚔️
NFA. $VELVET $1.838 +21.6%
#VELVET #Crypto #TechnicalAnalysis #RiskManagement