$VELVET STAYING LOW LONGER THAN MOST EXPECTED 📉
The momentum on $VELVET is clearly bearish — shorts are piling in and the daily structure is still broken. I flagged this to my circle days ago: no rush to buy here. The path of least resistance is lower until we see a volume reversal or a clean reclaim of a key level.
Patience pays in markets like these. A squeeze could set up later, but for now letting the move play out is the smarter play. Are you shorting this or waiting for a clean bounce setup?
Not financial advice. Always manage your risk.
#VELVET #Bearish #ShortSetup #Patience #Crypto
🔥
The momentum on $VELVET is clearly bearish — shorts are piling in and the daily structure is still broken. I flagged this to my circle days ago: no rush to buy here. The path of least resistance is lower until we see a volume reversal or a clean reclaim of a key level.
Patience pays in markets like these. A squeeze could set up later, but for now letting the move play out is the smarter play. Are you shorting this or waiting for a clean bounce setup?
Not financial advice. Always manage your risk.
#VELVET #Bearish #ShortSetup #Patience #Crypto
🔥