🧐 $VELVET — WHAT I'M WATCHING

I checked the latest Binance Futures data.

VELVET is around $0.0808 and up about +25% in the latest 24h window.

The interesting part isn't just the pump.

📈 Price reached $0.0957
📊 24h Futures volume ≈ $99M
⚡ Open Interest is rising again
💰 Recent taker flow is slightly buy-heavy
🔥 Price has recovered from the $0.067 area

But there's a warning:

Most accounts are already heavily long.

Long/Short Accounts:
🟢 ~69.6% Long
🔴 ~30.4% Short

Top-trader positions are also long-biased:
🟢 ~61.9% Long

That means the move has momentum, but crowded longs can make the next move very volatile.

KEY LEVELS 👀

🔴 Resistance:
$0.0815–$0.0830
$0.0880–$0.0915
$0.0957

🟢 Support:
$0.0760–$0.0740
$0.0700
$0.0670

My read:

Above $0.083 with strong volume → bullish momentum can continue.

Rejection around $0.0815–$0.083 and loss of $0.076 → pullback risk increases.

I'm not chasing this candle.
Waiting for the reaction at the levels.

What do you see here?

🚀 Breakout
or
📉 Pullback?

#VELVET #BinanceSquare #Crypto #Altcoins #HarshMarketDiary