$VELVET | 1h | Breakdown Short


Bias: Short
Entry Zone: 0.5320 to 0.5400
Stop Loss: 0.5880
Targets:
TP1: 0.5000
TP2: 0.4660
TP3: 0.4250
Invalidation:
Close above 0.5880
Why This Setup:
I’m seeing a failed push off the local highs, followed by lower highs and a loss of momentum near the 0.54 area. If price keeps rejecting this breakdown zone, I expect a move back into the prior support pocket around 0.50 and then deeper toward 0.466.
VELVET-6.41%
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