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$VELVET | 1h | Range Rejection Short
Bias: Short
Entry Zone: 0.1140 to 0.1155
Stop Loss: 0.1210
Targets:
TP1: 0.1099
TP2: 0.1068
TP3: 0.1021
Invalidation:
Close above 0.1210
Why This Setup:
I’m watching for a short off the recent impulse into prior supply after a sharp run-up and rejection near the highs. Price is still trading inside a broader range, so I want a fade back toward the mid-range and prior consolidation if momentum stalls here.
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