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$VELVET (1h) - Range Rejection Short
Bias: Short
Entry (Zone): 0.0961 - 0.0968
Targets:
TP1: 0.0948
TP2: 0.0937
TP3: 0.0924
Stop Loss: 0.0982
Why this Setup:
I’m looking for a rejection near the recent recovery highs after the sharp drop and bounce, because price still looks capped inside a broader intraday range. I want to fade weakness back toward the lower support levels, with a clean invalidation above the local swing high.
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