$VELVET | Breakout Retest Long 👇📈
Entry: 0.9300 - 0.9500
Stoploss: 0.8500
Targets: 1.0000 → 1.0500 → 1.1000 → 1.1299
Thesis:
Massive listing move. +41.81% Today | +102.41% 7D | +1,398.04% 1Y
Price at 0.9562 after wicking to 24h high 1.1299. 122.36M USDT volume. Broke out of 0.62-0.69 range and now consolidating above 0.95. Structure still bullish on 1h. Break above 1.1299 confirms continuation to new highs
Key Levels:
Support: 0.9200 | 0.8500 SL zone
Resistance: 1.0000 | 1.0500 | 1.1000 | 1.1299 24h High
Trust the process 🤝
NFA. Extremely volatile new perp. 148.21M VELVET volume. Size small, take profits fast, respect SL.
Entry: 0.9300 - 0.9500
Stoploss: 0.8500
Targets: 1.0000 → 1.0500 → 1.1000 → 1.1299
Thesis:
Massive listing move. +41.81% Today | +102.41% 7D | +1,398.04% 1Y
Price at 0.9562 after wicking to 24h high 1.1299. 122.36M USDT volume. Broke out of 0.62-0.69 range and now consolidating above 0.95. Structure still bullish on 1h. Break above 1.1299 confirms continuation to new highs
Key Levels:
Support: 0.9200 | 0.8500 SL zone
Resistance: 1.0000 | 1.0500 | 1.1000 | 1.1299 24h High
Trust the process 🤝
NFA. Extremely volatile new perp. 148.21M VELVET volume. Size small, take profits fast, respect SL.