
$VELVET is showing short-term weakness after rejection from the 0.4610 high. Price has slipped below the 0.4395 resistance area, and another weak recovery could give sellers a clean opportunity.
🔻 SHORT Setup
EP: 0.4340 – 0.4400
TP1: 0.4260
TP2: 0.4170
TP3: 0.4050
SL: 0.4460
The bearish setup remains valid while price stays below 0.4460. A clean breakdown under 0.4260 could increase selling pressure and push $VELVET toward deeper support. Stay alert! 🚨
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