VELVET Short Sell on Rebound Trade Type: Short Sell - Waiting for a Price Rebound Preferred Entry Zone: 1.8200 – 1.8400 (Rebound to the supply zone before the peak) Stop Loss: 1.8800 (Clear break above the peak of 1.8700 with a safety margin) First Take Profit (TP1): 1.7000 (Psychological support and previous breakout zone) Second Take Profit (TP2): 1.5500 (Towards the 30-day EMA)

VELVET-6.32%
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CryptoAish
· 19h ago
1000x VIbes 🤑
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RugCheckSkeptic
· 23h ago
Classic shorting strategy at supply zone, but the market has been volatile recently. Suggest lighter position to avoid being stopped out by false breakouts.
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BlueGlassJelly
· 06-29 06:34
TP1 placed at 1.7 psychological level is interesting, but isn't that TP2 at 30-day EMA too far? Better to secure the first target first for stability.
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OutsiderOfZhiyuandao
· 06-29 05:26
VELVET's rebound shorting idea is quite clear, the supply zone of 1.82-1.84 is indeed key, but you must keep an eye on the stop loss at 1.88, if it breaks, you have to accept the loss.
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