$VELVET remains under pressure after a sharp sell-off, currently trading around $0.10764. The structure is bearish, and repeated failure near $0.110–$0.112 could provide another short opportunity. Sellers need to maintain control below this resistance zone for the downside move to continue. A break beneath $0.105 would add confirmation toward deeper support levels. The setup becomes invalid if price decisively reclaims $0.1155, so risk should remain tightly controlled given the coin's extreme recent volatility.
Current Price: $0.10764
🔴 SHORT
Entry Zone: $0.10850 – $0.11050
TP1: $0.10200
TP2: $0.09600
TP3: $0.09000
Stop Loss: $0.11550
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