$VELVET (1h) - Short Rejection


Bias: Short
Entry (Zone): 0.3920 - 0.4180
Targets:
TP1: 0.3600
TP2: 0.3320
TP3: 0.2860
Stop Loss: 0.4470
Why this Setup:
I’m looking for a short because price failed to reclaim the recent breakdown area and is still trading below the prior supply zone. I want a retrace into resistance to fade the move and look for continuation back toward the recent lows.
VELVET17.31%
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