$VELVET (1h) - Bearish Pullback Short


Bias: Short
Entry (Zone): 0.3570 - 0.3860
Targets:
TP1: 0.3270
TP2: 0.2920
TP3: 0.2650
Stop Loss: 0.4710
Why this Setup:
I’m looking for a short on the failed push into the recent swing highs, since price has already lost momentum after the breakout and is now pulling back under resistance. I want to sell into strength if it retests the mid-range zone, with downside continuation back toward the prior support areas.
VELVET-5.37%
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