$VELVET just swept liquidity on both sides.
Price first flushed down toward $0.5236, taking out downside liquidity, then exploded straight up to around $0.9051, clearing the highs as well.
That is a classic two-sided liquidity sweep with extreme volatility.
Now price is sitting near $0.87, so chasing after this kind of move is risky. The next important thing is whether #VELVET can hold above the $0.84–$0.85 area.
If that zone holds, bulls can try for another push toward $0.90+.
If it loses that area, a deeper retest can$BANK
$TUT
#DEXE
Price first flushed down toward $0.5236, taking out downside liquidity, then exploded straight up to around $0.9051, clearing the highs as well.
That is a classic two-sided liquidity sweep with extreme volatility.
Now price is sitting near $0.87, so chasing after this kind of move is risky. The next important thing is whether #VELVET can hold above the $0.84–$0.85 area.
If that zone holds, bulls can try for another push toward $0.90+.
If it loses that area, a deeper retest can$BANK
$TUT
#DEXE
