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$VELVET (1h) - Range Rejection Short
Bias: Short
Entry (Zone): 0.3180 - 0.3320
Targets:
TP1: 0.3000
TP2: 0.2820
TP3: 0.2550
Stop Loss: 0.3620
Why this Setup:
I’m leaning short because the strong push into the highs has already stalled, and I want to fade the upper range while momentum cools off. I’m looking for a rejection from the 0.3180-0.3320 area with room for a move back toward the prior breakout zones if selling pressure continues.