$VELVET is up more than 32% today, but after that sharp move, I’m more interested in how price behaves around the current level than chasing the pump.
Price: 0.9507
24h High: 1.1299
24h Low: 0.4805
24h Volume: 189.47M USDT
$VELVET /USDT Long
Entry: 0.94–0.96
TP1: 1.00
TP2: 1.08
TP3: 1.12
Stop Loss: 0.89
On the 15m chart, price pushed up to 1.1110 before a strong rejection sent it down toward 0.8601. Since then, buyers have managed to stabilize price around 0.94–0.96, which is the area I’m watching now.
If this zone continues to hold and $VELVET gets a clean move back above 1.00, I’ll be looking toward 1.08 and then the previous high area around 1.11–1.12. I wouldn’t chase the earlier move here. For me, the better setup is waiting for confirmation while 0.89 remains protected.
Price: 0.9507
24h High: 1.1299
24h Low: 0.4805
24h Volume: 189.47M USDT
$VELVET /USDT Long
Entry: 0.94–0.96
TP1: 1.00
TP2: 1.08
TP3: 1.12
Stop Loss: 0.89
On the 15m chart, price pushed up to 1.1110 before a strong rejection sent it down toward 0.8601. Since then, buyers have managed to stabilize price around 0.94–0.96, which is the area I’m watching now.
If this zone continues to hold and $VELVET gets a clean move back above 1.00, I’ll be looking toward 1.08 and then the previous high area around 1.11–1.12. I wouldn’t chase the earlier move here. For me, the better setup is waiting for confirmation while 0.89 remains protected.