$VELVET (1h) - Short


Bias: Short
Entry (Zone): 0.3720 - 0.3820
Targets:
TP1: 0.3560
TP2: 0.3380
TP3: 0.3120
Stop Loss: 0.4060
Why this Setup:
I see exhaustion after a strong rally, and price is now stalling under the recent highs with sellers starting to defend this area. I want to fade the move into resistance, with a break back below 0.3600 opening the door to a deeper pullback toward the lower support levels.
VELVET15.54%
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