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$VELVET | 1H | Breakdown Rejection
Bias: Short
Entry Zone: 1.52 to 1.57
Stop Loss: 1.68
Targets:
TP1: 1.45
TP2: 1.35
TP3: 1.22
Invalidation:
Close above 1.68
Why This Setup:
I’m seeing a failed push after the impulsive rally, with price getting rejected from the 1.60 to 1.68 supply area and slipping back under short-term support. If 1.52 breaks cleanly, I expect a continuation move toward the next liquidity pockets below.