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$VELVET is now flashing weakness after parabolic move
Short $VELVET
Entry: 0.130 – 0.138
SL: 0.150
TP1: 0.125
TP2: 0.115
TP3: 0.105
TP4: 0.098
Why:
After a strong vertical rally, price is now facing rejection near 0.137 with a long upper wick. RSI is already overbought and starting to turn down, while volume shows a spike followed by selling pressure. This looks like exhaustion at the top, and unless it reclaims 0.138, a pullback is likely.
📩 DM me to know how to join my premium group for high quality trade setups
Trade $VELVET here 👇
{future}(VELVETUSDT)