$VELVET bullish on H4, but a key fib level could cap this move. 📈
Weekly 50% fib hit around $1.10, and this could mark a top.
Bulls holding above previous high for now, but a stronger correction toward the 0.800-0.790 demand zone is on the table.
could be manipulated. ⚠️
If 0.8800 level holds, bulls could push higher.
Without a weekly candle break above 1.150, caution on bull side - market
Levels in chart. #alt #Trading
Weekly 50% fib hit around $1.10, and this could mark a top.
Bulls holding above previous high for now, but a stronger correction toward the 0.800-0.790 demand zone is on the table.
could be manipulated. ⚠️
If 0.8800 level holds, bulls could push higher.
Without a weekly candle break above 1.150, caution on bull side - market
Levels in chart. #alt #Trading