๐ป $VELVET / USDT โ Signs of a Bearish Shift Emerging ๐ป
After a sharp rally, $VELVET is starting to flash early warning signs. The price was firmly rejected near the $0.09299 resistance, followed by the formation of a lower high โ a classic signal that momentum is fading.
Now trading below the key $0.06831 support, the structure is weakening. This could mark the start of a trend reversal as bulls begin to lose grip.
๐งญ Short Opportunity Setting Up:
Entry Range: $0.06830 โ $0.07000
Stop Loss: $0.07580
Targets:
๐น TP1: $0.06310
๐น TP2: $0.05850
๐น TP3: $0.05200
โ๏ธ Risk Strategy: Keep exposure limited (1โ2% of capital). Consider trailing your stop if price begins to drop aggressively โ protect those gains.
This isnโt panic โ itโs preparation. Market structure speaks louder than hype, and right now, $VELVET is whispering weakness.
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