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$VELVET still looks range-bound, but the bounce is getting capped again.
I’m watching 0.1174-0.1180 as the decision zone. If price loses 0.1165, the dip back to 0.1137 is still on. Below that, 0.1115 is next and 0.1082 stays open.
Sellers are defending this shelf, and the last push into 0.12 got rejected hard. Above 0.1214, the short idea is wrong.