$VELVET volatility is insane - +/-40% daily swings becoming the norm.
Price currently in a bull correction phase.
Potential bull flag forming on M15; if trend continues, next key level could be around $0.8500 (50% fib).
Lower support to hold: 0.5800 - 0.5850 - could be a nice demand zone for buyers who accept the volatility risk. #Trading #velvet
Price currently in a bull correction phase.
Potential bull flag forming on M15; if trend continues, next key level could be around $0.8500 (50% fib).
Lower support to hold: 0.5800 - 0.5850 - could be a nice demand zone for buyers who accept the volatility risk. #Trading #velvet