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$VELVET (1h) - Bearish Range Rejection
Bias: Short
Entry (Zone): 0.1148 - 0.1160
Targets:
TP1: 0.1120
TP2: 0.1102
TP3: 0.1074
Stop Loss: 0.1183
Why this Setup:
I see price struggling to hold above the recent range highs, and I’m leaning short on a failed push into resistance. I want to sell into strength near 0.1150 with downside follow-through back toward the lower range and prior liquidity pockets.
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