$VELVET (Velvet Capital) — After a rapid vertical surge that tested the 0.12399 resistance level, the price has entered a heavy distributive phase on the 1H timeframe.
Short $VELVET
Entry: 0.10610 – 0.10720
SL: 0.12500
TP1: 0.10390
TP2: 0.10170
TP3: 0.10005
The chart shows a significant "blow-off top" rejection followed by an immediate breakdown through previous local support, suggesting that the initial buying momentum has exhausted and sellers are now driving a mean-reversion move toward lower liquidity zones.
VELVETUSDT
Trvl
0.09242
-12.47%
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