$VELVET Long Setup 📈
Entry: 0.7050 – 0.7200 (pullback zone)
Current Price: ∼0.7328
🎯 TP1: 0.7850
🎯 TP2: 0.8345 (24h High retest)
🎯 TP3: 0.8518 → 0.9000
🛑 Stop Loss: 0.6800
Reason:
Bouncing after big dump. +5.99% Today, -3.08% Today, -25.22% 7D but +42.29% 30D, +677.34% 90D, +1149.66% 1Y
Volume decent: 42.31M VELVET 24h Vol + 32.07M USDT. Recovered from 0.6301 24h Low
Structure: held 0.62 support, now pushing toward 0.8518 recent supply. Orderbook slightly bearish 48.19% bids
Looking for retest of 0.705-0.720 before attempt at 0.8345+ and 0.85 resistance
⚠️ If price loses 0.6800, setup is invalid. Low cap, wide swings.
DYOR & manage risk.
Entry: 0.7050 – 0.7200 (pullback zone)
Current Price: ∼0.7328
🎯 TP1: 0.7850
🎯 TP2: 0.8345 (24h High retest)
🎯 TP3: 0.8518 → 0.9000
🛑 Stop Loss: 0.6800
Reason:
Bouncing after big dump. +5.99% Today, -3.08% Today, -25.22% 7D but +42.29% 30D, +677.34% 90D, +1149.66% 1Y
Volume decent: 42.31M VELVET 24h Vol + 32.07M USDT. Recovered from 0.6301 24h Low
Structure: held 0.62 support, now pushing toward 0.8518 recent supply. Orderbook slightly bearish 48.19% bids
Looking for retest of 0.705-0.720 before attempt at 0.8345+ and 0.85 resistance
⚠️ If price loses 0.6800, setup is invalid. Low cap, wide swings.
DYOR & manage risk.