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$VELVET – Bearish momentum full in control? Yeah exactly that's why I'm short.
Short $VELVET
Entry: 0.4300 – 0.4350
SL: 0.4650
TP1: 0.4050
TP2: 0.3800
TP3: 0.3500
That structure is completely broken — price collapsed through support and is now printing consistent lower highs and lower lows. Buyers are trapped and every relief bounce is getting aggressively sold into. Downside momentum is accelerating with clean breaks lower.
Volume confirms the selling pressure — heavy on the drop, light on bounces. As long as price stays capped below resistance, continuation lower remains the path of least resistance.
👉 Trade $VELVET