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$VELVET is showing sign of crash through support.
SHORT $VELVET
Entry: $1.460 - $1.500
S.L: $1.650
TP 1: 1.100
TP 2: $0.980
Full tp: $0.950
Thesis:
$VELVET showing heavy selling pressure after rejecting the recent high and breaking below key support zones. Price currently trading near 1.4624 with bearish momentum accelerating, confirmed by the breakdown below immediate support. Next major support sits at lower demand area with volume supporting the downtrend.