$VELVET — Rejection at $0.100; Short Opportunity Forming
Short $VELVET
• Entry: 0.095 – 0.098
• Stop Loss: 0.102
Targets:
• TP1: 0.090
• TP2: 0.086
• TP3: 0.081
Rejection is forming near the $0.100 resistance zone and momentum is starting to fade. Price has struggled to sustain above the round number and short-term structure shows early signs of weakness — a clean short edge is present while the 0.100–0.102 area acts as overhead supply.
If 0.094 breaks, sellers will likely push toward TP1 (0.090) and lower liquidity bands. Conversely, a decisive reclaim and hold above 0.102 invalidates the bearish thesis and suggests buyers are back in control.
Trade $VELVET here 👇🏻
VELVETUSDT
Löpande
0.07847
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