The Trade Setup (Short Idea):
Entry Zone: Current market price (looking for entries on any minor relief bounces toward local resistance).
Primary Targets: A pullback toward $0.155 followed by the major support retest at $0.120.
Stop Loss: Strictly above the recent local swing high to protect capital in case of an unexpected momentum spike.
⚠️ Risk Warning: $VELVET is experiencing incredibly high volatility right now. If you are opening a short position, keep your leverage low, use strict risk management, and don't get greedy.
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