$VELVET – Bounce running into resistance, momentum fading ⚠️
Trading Plan Short $VELVET
Entry: 0.081 – 0.085
SL: 0.09
TP: 0.073
TP: 0.067
TP: 0.061
The bounce pushed higher, but strength is clearly starting to fade around this zone. Buyers attempted to keep the move alive, yet follow-through is weakening and price action is turning choppy.
Instead of a clean continuation, price is grinding into resistance — a typical sign of exhaustion. When momentum slows like this, it often sets up for a pullback as sellers step back in.
Trade $VELVET here 👇