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$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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