📊VELVETUSDT 4H Market Update
• Trend: Bullish
• SMA (20): 0.78288
• Support: 0.4805
• Resistance: 1.1299
• Current Price: 1.052
📈Strategy:
Price is trading in the premium zone above the 20 SMA, indicating strong bullish momentum. However, the current level near resistance suggests a potential retracement before continuation. A long entry at 1.052 with a tight stop at 1.02044 targets the 1.09934 resistance, offering a 1:1.5 risk/reward. Watch for a break above 1.1299 to confirm further upside.
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⚠️ Not financial advice - always DYOR.
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• Trend: Bullish
• SMA (20): 0.78288
• Support: 0.4805
• Resistance: 1.1299
• Current Price: 1.052
📈Strategy:
Price is trading in the premium zone above the 20 SMA, indicating strong bullish momentum. However, the current level near resistance suggests a potential retracement before continuation. A long entry at 1.052 with a tight stop at 1.02044 targets the 1.09934 resistance, offering a 1:1.5 risk/reward. Watch for a break above 1.1299 to confirm further upside.
🔔 Don't forget to follow for more updates! & Your Future Eye
⚠️ Not financial advice - always DYOR.
Click Here To Trade 👇