🚨 $VELVET — REVERSAL LOADING OR ANOTHER TRAP? 👀

$VELVET has been bleeding lately, but the chart may finally be showing signs of a potential floor. 📉➡️📈

I’m watching for a possible double-bottom setup — but nothing is confirmed yet.

🎯 Key levels to watch:

🟢 $0.20 reclaim → first sign of strength
🔥 $0.26 reclaim → near-term structure turns more bullish
🔴 Lose support → setup weakens and downside risk returns

At this level, upside looks more interesting than chasing further downside…

BUT $VELVET can move violently in both directions. ⚠️

The best trade might also be NO TRADE.

If support fails or resistance rejects the price, step aside.
There’s no edge in forcing a position.

👀 Double bottom or dead-cat bounce?

What’s your call on
?

🚀 Bullish reversal
📉 More downside
⏳ Waiting for confirmation

#VELVET #Crypto #Altcoins #Trading #Binance