$VELVET FOLLOWS $LAB 'S BREAKOUT PATTERN THIS WEEK 🔥
The structure is breaking cleanly above the resistance that held for three consecutive weeks. Volume on the 4H just pushed above the 50-period average for the first time this month, and the shallow pullback suggests liquidity is still building above.
If $VELVET closes the current candle above this zone, the path to the next major liquidity pool opens up. Are you long already or waiting for a retest?
Not financial advice. Always manage your risk.
#VELVET #BreakoutStructure #ALTseason #Crypto
🔥
The structure is breaking cleanly above the resistance that held for three consecutive weeks. Volume on the 4H just pushed above the 50-period average for the first time this month, and the shallow pullback suggests liquidity is still building above.
If $VELVET closes the current candle above this zone, the path to the next major liquidity pool opens up. Are you long already or waiting for a retest?
Not financial advice. Always manage your risk.
#VELVET #BreakoutStructure #ALTseason #Crypto
🔥