Is VELVET ready to drop after the daily bearish stack?

🔴 SHORT $VELVET /USDT: expecting price to go DOWN
Bias: SHORT · Leaning · 4/12 signals agree, 0 against, 8 undecided

📍 Entry: 0.0560534 – 0.0563266 · limit order inside the zone, don't chase
🎯 TP1: 0.0536213 (-4.6%) · take about half, then move SL to entry
🎯 TP2: 0.0519088 (-7.6%) · take most of the rest
🎯 TP3: 0.0493401 (-12.2%) · final target
🛑 SL: 0.0596149 (+6.1%) · close everything, never move it further away
⚖️ Reward vs risk: 0.75R / 1.25R / 2R at TP1 / TP2 / TP3
TP1 alone pays less than the stop costs, which is why the stop moves to entry after it.
⏳ Timing: 15m momentum already agrees. Skip it if TP1 prints before you get filled.
⚠️ Leaning only: 8 of 12 signals are still undecided. Keep size light.

Why SHORT? Technical verdict: LEANING SHORT, 4/12 signals agree, 0 against, 8 undecided.
✅ Daily trend: price < EMA50 < EMA200, bearish stack → the big-picture trend is down
✅ 4h trend: price < EMA50 < EMA200, bearish stack → the swing trend is down
✅ 1h trend: price < EMA50 < EMA200, bearish stack → the short-term trend is down

VELVET in 3 points 🧵
1️⃣ Daily trend shows price below both EMA50 and EMA200, bearish stack, so the big-picture trend is down.
2️⃣ 4h trend shows price below both EMA50 and EMA200, bearish stack, so the swing trend is down.
3️⃣ 1h trend shows price below both EMA50 and EMA200, bearish stack, so the short-term trend is down.

Your call:
Where do you take profit on a short like this, and does the 4h trend change your level?

See it on the chart 👇

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