$VELVET | 1h | Breakdown Retest Short


Bias: Short
Entry Zone: 0.4950 to 0.5150
Stop Loss: 0.5450
Targets:
TP1: 0.4700
TP2: 0.4350
TP3: 0.4050
Invalidation:
Close above 0.5450
Why This Setup:
I’m looking for a short continuation after the sharp rejection from the 0.64 area and the loss of momentum back below 0.50. Price is still trading under the recent swing high cluster, so a failed reclaim of the breakdown zone favors a move back into the prior range.
VELVET-4.95%
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