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$VELVET (1h) - Range Rejection Short
Bias: Short
Entry (Zone): 0.1070 - 0.1082
Targets:
TP1: 0.1053
TP2: 0.1036
TP3: 0.1010
Stop Loss: 0.1116
Why this Setup:
I’m leaning short while price stays below the recent 0.1100 rejection area, with the current bounce looking like a weak retest inside a broader range. I want to sell into that overhead supply and look for a clean move back toward the prior lows if momentum fades.
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