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$VELVET | 1h | Breakdown Retest Short
Bias: Short
Entry Zone: 0.5350 to 0.5530
Stop Loss: 0.5860
Targets:
TP1: 0.4880
TP2: 0.4460
TP3: 0.3920
Invalidation:
Close above 0.5860
Why This Setup:
I’m watching the recent impulsive push into prior resistance for a possible failed breakout and retest rejection. If price loses momentum under the local highs, I expect a rotation back toward the mid-range liquidity and the lower support levels.
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