$VELVET just exploded 63.8% — but the chart is flashing an extreme warning.
VELVET/USDT is near $0.719 after hitting $0.7289, with massive volume and a sharp breakout. Price is far above MA(7) $0.633, MA(25) $0.491 and MA(99) $0.450. But RSI(14) is 96.3 and StochRSI is 100, showing extreme overheating.
My take: Bullish momentum is undeniable, but I would not chase this vertical move.
Watch $0.676–$0.633 as potential support.
Can VELVET hold the breakout, or is profit-taking coming next?
don't miss 👉$CYS
VELVET/USDT is near $0.719 after hitting $0.7289, with massive volume and a sharp breakout. Price is far above MA(7) $0.633, MA(25) $0.491 and MA(99) $0.450. But RSI(14) is 96.3 and StochRSI is 100, showing extreme overheating.
My take: Bullish momentum is undeniable, but I would not chase this vertical move.
Watch $0.676–$0.633 as potential support.
Can VELVET hold the breakout, or is profit-taking coming next?
don't miss 👉$CYS