🚨 VELVETUSDT (Perp) – SHORT Setup 🚨

🔴 Entry: 0.08736 – 0.08950

🎯 TP1: 0.08560

🎯 TP2: 0.08300

🎯 TP3: 0.08000

🛑 SL: 0.09150

📊 Reason:

• Persistent Downtrend: Price is trapped in a clear bearish channel on the 15m chart, making consistent lower highs and lower lows.

• Heavy Sell Pressure: The order book is heavily skewed toward sellers, with a massive 85.30% ask pressure compared to only 14.70% bids.

• Weak Recovery: Recent green candles show very low volume, indicating a lack of buyer interest and a likely "dead cat bounce" before the next leg down.

• Bearish Momentum: Current price is trading near the 24h low ($0.08566) with significant negative momentum (-7.15% today).

⚠️ Trade carefully, liquidity is lower on this pair, which can cause slippage.

Recommended leverage: 2x–5x max.

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