# dump?

Just as expected, $VELVET just slammed into a massive wall. After that crazy run through June, it tried to push higher but got aggressively slapped down by sellers right at major overhead resistance
The short-term market structure flipped, and the bears are driving now. Here is the breakdown and the levels you need to watch
The Rejection: Bulls tried to force a breakout but got completely stuffed in the $0.45 – $0.48 zone
The Price Action: Multiple 4H candles left ugly upper wicks. Every time it pumped into that liquidity pool, heavy spot selling crushed it back down
Structure Break: Price sli