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$VELVET (1h) - Range Breakdown Short
Bias: Short
Entry (Zone): 0.1182 - 0.1189
Targets:
TP1: 0.1160
TP2: 0.1143
TP3: 0.1120
Stop Loss: 0.1204
Why this Setup:
I’m leaning short because price is stalling under nearby resistance after a sharp move up, and I want to fade weakness if it loses the recent intraday support. I’m looking for a clean breakdown from the current range with room to revisit the lower swing levels.
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