$VELVET is holding a pretty interesting bullish structure after the recent push higher. The 15m keeps printing higher highs and higher lows, while the 1h is also maintaining the same rhythm above its previous resistance area.
📍 Entry: 0.0582593 – 0.0589
🛑 SL: 0.05594405
🎯 TP1: 0.06185595
🚀 TP2: 0.0642207
There’s real participation behind the move, with OBV climbing on both 15m and 1h and the latest 1h advance coming with increased volume. Momentum on the lower timeframe has cooled a little, but the structure itself hasn’t broken.
Binance has $VELVET up roughly 16.4% over 24h, with the session reaching 0.0633. The 4h picture is still mixed, so I’d keep leverage modest and avoid letting a short-term pullback turn into an oversized position.
📍 Entry: 0.0582593 – 0.0589
🛑 SL: 0.05594405
🎯 TP1: 0.06185595
🚀 TP2: 0.0642207
There’s real participation behind the move, with OBV climbing on both 15m and 1h and the latest 1h advance coming with increased volume. Momentum on the lower timeframe has cooled a little, but the structure itself hasn’t broken.
Binance has $VELVET up roughly 16.4% over 24h, with the session reaching 0.0633. The 4h picture is still mixed, so I’d keep leverage modest and avoid letting a short-term pullback turn into an oversized position.
