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$VELVET is losing steam right into supply.
I’m leaning Short here while price keeps stalling under 0.119. The push up is already getting sold, and this looks more like a failed continuation than a clean breakout.
Short
Entry: 0.106 - 0.112
SL: 0.119
TP: 0.099 - 0.091
If buyers can’t reclaim the 0.115 - 0.119 area, I expect the move to keep unwinding.