🚨 $VELVET $ Is Testing a Major Breakout Zone!
$VELVET is trading around $0.410 and is approaching the Supertrend resistance at $0.418.
📊 Technical Outlook
✅ Support: $0.386 - $0.395
🔥 Breakout Zone: $0.418 - $0.420 (1H Close)
🎯 Targets: $0.450 → $0.480 → $0.520
🛑 Invalidation: A drop below $0.395 may lead to another retest.
📈 Indicators
RSI is around 67, showing strong bullish momentum.
Buyers are defending the support zone well.
A confirmed 1H candle close above the Supertrend could trigger the next bullish leg.
⚠️ Trade Plan Entry: After a confirmed 1H close above $0.420 (or on a successful retest). Risk Management: Always use a stop-loss and manage your position size.
💬 What do you think? Will VELVET break above $0.420 today?
#VELVET #TRADINGVIEW🔥🔥🔥
$VELVET is trading around $0.410 and is approaching the Supertrend resistance at $0.418.
📊 Technical Outlook
✅ Support: $0.386 - $0.395
🔥 Breakout Zone: $0.418 - $0.420 (1H Close)
🎯 Targets: $0.450 → $0.480 → $0.520
🛑 Invalidation: A drop below $0.395 may lead to another retest.
📈 Indicators
RSI is around 67, showing strong bullish momentum.
Buyers are defending the support zone well.
A confirmed 1H candle close above the Supertrend could trigger the next bullish leg.
⚠️ Trade Plan Entry: After a confirmed 1H close above $0.420 (or on a successful retest). Risk Management: Always use a stop-loss and manage your position size.
💬 What do you think? Will VELVET break above $0.420 today?
#VELVET #TRADINGVIEW🔥🔥🔥