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$VELVET (1h) - Range Rejection Short
Bias: Short
Entry (Zone): 0.09620 - 0.09685
Targets:
TP1: 0.09490
TP2: 0.09380
TP3: 0.09210
Stop Loss: 0.09785
Why this Setup:
I see price stalling under local resistance after a sharp bounce, and I want to fade this reclaim as long as it keeps failing to hold above the 0.0968 area. The structure still looks like a weak range with lower highs, so I’m targeting a push back into the prior support zones if momentum rolls over.
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