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$VELVET | 1h | Range Rejection Short
Bias: Short
Entry Zone: 0.1050 to 0.1060
Stop Loss: 0.1078
Targets:
TP1: 0.1032
TP2: 0.1018
TP3: 0.1000
Invalidation:
Close above 0.1078
Why This Setup:
I’m leaning short while price keeps stalling under the 0.107-0.108 supply zone after a sharp fade from the recent highs. The structure is still making lower highs, and I want the retest to fail for a clean continuation into the 0.103 and 0.101 areas.
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