$VELVET (1h) - Supply Rejection Short


Bias: Short
Entry (Zone): 0.4040 - 0.4140
Targets:
TP1: 0.3880
TP2: 0.3720
TP3: 0.3520
Stop Loss: 0.4285
Why this Setup:
I see price losing momentum after a strong push into a clear supply area, and I want to short the rejection as long as it fails to reclaim the recent highs. I’m targeting a move back into the prior breakout structure where buyers previously stepped in, with risk defined above the local swing high.
VELVET7.41%
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