$VELVET REJECTION AT 0.90000 WITH HIGH VOLUME 📉
Entry: 0.90000 🔥
Target: 0.63000 - 0.72000 🚀
The 0.90000 level shows a sharp volume spike on the daily, often a signature of liquidity sweeping at a resistance zone. Price action printed a bearish engulfing candle on the 4H, indicating supply stepping in. A fair value gap below 0.72000 increases the probability of a move toward the lower targets within this cycle.
Are you watching for a breakdown below today’s swing low to confirm the short?
Not financial advice. Always manage your risk.
#VELVET #ShortSetup #ResistanceRejection #VolumeAnalysis
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Entry: 0.90000 🔥
Target: 0.63000 - 0.72000 🚀
The 0.90000 level shows a sharp volume spike on the daily, often a signature of liquidity sweeping at a resistance zone. Price action printed a bearish engulfing candle on the 4H, indicating supply stepping in. A fair value gap below 0.72000 increases the probability of a move toward the lower targets within this cycle.
Are you watching for a breakdown below today’s swing low to confirm the short?
Not financial advice. Always manage your risk.
#VELVET #ShortSetup #ResistanceRejection #VolumeAnalysis
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