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$VELVET (1h) - Range Rejection Short
Bias: Short
Entry (Zone): 0.1150 - 0.1165
Targets:
TP1: 0.1100
TP2: 0.1068
TP3: 0.1025
Stop Loss: 0.1208
Why this Setup:
I’m still leaning short because the move into resistance looks stretched after a sharp spike and failed follow-through. I want to fade the upper range while momentum cools off, with room for a pullback toward the recent support levels if sellers regain control.
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