$VELVET I went short 10x directly in this 0.477-0.484 move. The price has been pushed down from this range and has started moving lower; the 4-hour structure is also bearish, while the daily chart is still chopping within a range. The 15-minute RSI is 41—momentum isn’t that strong, but it’s enough to keep grinding lower. Volume has been pushed to nearly 4x, and there really are sell orders being dumped. Downside, I’m watching levels at 0.455, 0.439, and 0.414. Put the stop loss above 0.513. Don’t chase shorts too aggressively—only act when you get to your level; if it can’t drop, you have to accept it. Manage the risk yourself.