$VELVET – Bearish Breakdown Setup

Price has confirmed a clear breakdown with strong bearish candles and repeated rejection from the resistance zone, signaling seller dominance. The structure is forming lower highs and a continuation pattern, increasing the probability of further downside.

Trade Setup: Short

Entry: 0.0760 – 0.0780

Stop Loss: 0.0805

Targets:
TP1: 0.0739
TP2: 0.0721
TP3: 0.0704

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VELVETUSDT

Perp

0.08023

+2.33%