$VELVET — 🟢 SHORT · Conf 77%
The read: $VELVET spiked +13% on Aug 29 (high $0.1167), then gave it all back in two candles. Price is now grinding into the 0.1035–0.1041 supply pocket, the exact retest zone where sellers defended last week. Fade the bounce, ride the breakdown.
Trade Plan:
Entry: 0.1035244 – 0.1040756 (limit the bounce — spot is ~1–1.2% below the zone)
SL: 0.1109503 (above the zone, ~7% risk from mid-entry)
TP1: 0.0984372 (~0.75R, old range low)
TP2: 0.0948621 (~1.25R)
TP3: 0.0894993 (~2R, full breakdown)
#goldfalls3.24%thisweek #VenezuelaUSSign25YearOilDeal #TrumpReachesVenezuelaOilDealOn17Fields #AfghanistanTalibanReportedlyBansCryptoNationwide #ICBAOpposesCLARITYActOverStablecoinLoophole
The read: $VELVET spiked +13% on Aug 29 (high $0.1167), then gave it all back in two candles. Price is now grinding into the 0.1035–0.1041 supply pocket, the exact retest zone where sellers defended last week. Fade the bounce, ride the breakdown.
Trade Plan:
Entry: 0.1035244 – 0.1040756 (limit the bounce — spot is ~1–1.2% below the zone)
SL: 0.1109503 (above the zone, ~7% risk from mid-entry)
TP1: 0.0984372 (~0.75R, old range low)
TP2: 0.0948621 (~1.25R)
TP3: 0.0894993 (~2R, full breakdown)
#goldfalls3.24%thisweek #VenezuelaUSSign25YearOilDeal #TrumpReachesVenezuelaOilDealOn17Fields #AfghanistanTalibanReportedlyBansCryptoNationwide #ICBAOpposesCLARITYActOverStablecoinLoophole