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$VELVET (1h) - Pullback Short
Bias: Short
Entry (Zone): 0.3380 - 0.3460
Targets:
TP1: 0.3260
TP2: 0.3120
TP3: 0.2980
Stop Loss: 0.3570
Why this Setup:
I’m looking for a short because price has stretched sharply into local highs and is starting to show rejection after a strong impulsive move. I want to sell a retest into resistance and trade the pullback toward the nearest support shelves if momentum cools off.