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Everyone is bullish on $VELVET /USDT – that’s exactly why I’m watching for a trap.
$VELVET - SHORT
Trade Plan:
Entry: 0.11769 – 0.11835
SL: 0.12122
TP1: 0.11562
TP2: 0.11403
TP3: 0.11163
Why this setup?
4H timeframe shows a SHORT bias with 52% confidence, but the daily trend is stuck in a range. RSI on 15m is neutral at 49.69, and ATR is tight. The primary entry at 0.11802 has clear downside targets (TP1: 0.11562, TP2: 0.11403), but the alt setup flips to a long. The market is indecisive, and the low confidence score means the next 1-2 candles will decide the breakout direction.
Debate:
If $VELVET holds above 0.11835, do you fade the short or wait for a confirmed breakdown?
#CryptoMarketDrops150KLiquidated #GateListsWARD