bearishtrend.

$SPCX (1H Chart) – Short-Term Setup! 📉

The Super trend indicator is currently showing a red line, signaling clear bearish pressure. The price is trading at 148.71, with the market structure forming consistent lower highs.

Here short-term setup to consider:

Entry Zone: 148.70 - 150.00 (Look for entries on minor pullbacks)

Take Profit: 145.30 (Recent swing low support)

Stop Loss: 153.10 (Just above the current Super trend resistance line)

The bearish momentum looks dominant right now. Always manage your risk and stick to your stop loss!

#SPCX #BearishTrend. #crypto #TechnicalAnalysiss

$VELVET is bleeding heavily! 📉🔻
$VELVET has completely broken down, dropping over -27% today to hover right above its 24h low of $0.3920. High selling volume profile (55.36% ask pressure) confirms the bearish thesis as minor support levels get entirely wiped out.
Trailing stops tightly on this short setup as it targets the next liquidity pocket below. Don't fight the trend!
#VELVET #ShortSetup #Crypto #BearishTrend.