$VELVET – Buyers Taking Control After Breakout
#VELVENT is showing strong demand after breaking higher with heavy buying activity. The key now is whether bulls can defend the new support area and continue the expansion.
$VELVET – LONG (10x)
Entry Zone: 0.570 – 0.590
SL: 0.520
TP1: 0.650
TP2: 0.720
TP3: 0.800
What I’m seeing: • Strong breakout with volume confirmation
• Buyers protecting the reclaimed zone
• Momentum still favoring upside
• 0.55 area becoming the key support level
Key thought: Breakouts reward patience — chasing after the move is where risk increases.
Hold support → continuation possible
Lose support → momentum cools
Let the chart decide.