📉 $VELVET PERP CRASHES NEAR HISTORIC LOWS! CAN $0.1045 HOLD? 🚨
VELVET/USDT Perpetual is currently testing key support near $0.1096 (-5.27% daily drop), trading significantly below its MA-7 ($0.378), MA-25 ($0.551), and MA-99 ($0.498). Volume remains heavily seller-dominated!
📊 KEY TECHNICAL LEVELS TO WATCH:
🟢 LONG SCENARIO (Counter-Trend Bounce):
• Entry Trigger: Reclaim above $0.1150 after holding support
• Stop Loss: $0.0980
• Targets: $0.1450 | $0.1850
🔴 SHORT SCENARIO (Bearish Breakdown):
• Entry Trigger: Breakdown below $0.1045 OR rejection at $0.1255
• Stop Loss: $0.1320
• Targets: $0.0850 | $0.0650
⚠️ RISK WARNING: Strong downtrend in play with heavy selling pressure. Trade with strict risk control!
Are you buying the dip or shorting the breakdown? Drop your thoughts below! 👇
#VELVET #BinanceFutures
$VELVET
VELVET/USDT Perpetual is currently testing key support near $0.1096 (-5.27% daily drop), trading significantly below its MA-7 ($0.378), MA-25 ($0.551), and MA-99 ($0.498). Volume remains heavily seller-dominated!
📊 KEY TECHNICAL LEVELS TO WATCH:
🟢 LONG SCENARIO (Counter-Trend Bounce):
• Entry Trigger: Reclaim above $0.1150 after holding support
• Stop Loss: $0.0980
• Targets: $0.1450 | $0.1850
🔴 SHORT SCENARIO (Bearish Breakdown):
• Entry Trigger: Breakdown below $0.1045 OR rejection at $0.1255
• Stop Loss: $0.1320
• Targets: $0.0850 | $0.0650
⚠️ RISK WARNING: Strong downtrend in play with heavy selling pressure. Trade with strict risk control!
Are you buying the dip or shorting the breakdown? Drop your thoughts below! 👇
#VELVET #BinanceFutures
$VELVET
