$VELVET /USDT short update

the price has recently seen a sharp rejection from the all EMA levels, breaking below the previous local support near 0.078. The RSI is currently in the oversold region at 13.11, suggesting a potential minor relief bounce before further downside.

* Entry Point: 0.07650

* Target 1: 0.07130

* Target 2: 0.06850

* Target 3: 0.06400

* Stop Loss: 0.08050

* MACD Divergence: The MACD shows increasing bearish histogram bars, and the signal lines are widening downward, confirming strong selling pressure.

* Caution: The RSI is extremely oversold (13.11). Shorting at the exact current price (0.07330) carries the risk of being "wicked out" by a sudden technical bounce. It is safer to enter on a retest of the 0.075 area.

VELVETUSDT

Διην.

0.07824

+8.38%