🟢 LONG $VELVET USDT (⏱️ Timeframe: 4H)
📍 Entry: 0.0550 - 0.0560
🛑 SL: 0.0530
🎯 TP1: 0.0600
🎯 TP2: 0.0650
🎯 TP3: 0.0750
The chart structure shows a massive, prolonged bearish expansion with the asset shedding over 90% of its value in the past month, which naturally invites a temporary exhaustion of sellers. Price is currently defending a crucial demand pocket near the 0.0540-0.0550 range, showing signs of stopping the immediate bleeding. I expect a liquidity grab above the recent intraday highs to trigger a short-term relief bounce, forcing overextended sellers to cover their positions before any further macro continuation.
Trade Here 👉
$LAB
$LSK
#VELVETUSDT #TradeSetup #TechnicalAnalysis #WriteToEarnUpgrade #Write2Earn
⚠️ Not financial advice. Always manage your risk.
📍 Entry: 0.0550 - 0.0560
🛑 SL: 0.0530
🎯 TP1: 0.0600
🎯 TP2: 0.0650
🎯 TP3: 0.0750
The chart structure shows a massive, prolonged bearish expansion with the asset shedding over 90% of its value in the past month, which naturally invites a temporary exhaustion of sellers. Price is currently defending a crucial demand pocket near the 0.0540-0.0550 range, showing signs of stopping the immediate bleeding. I expect a liquidity grab above the recent intraday highs to trigger a short-term relief bounce, forcing overextended sellers to cover their positions before any further macro continuation.
Trade Here 👉
$LAB
$LSK
#VELVETUSDT #TradeSetup #TechnicalAnalysis #WriteToEarnUpgrade #Write2Earn
⚠️ Not financial advice. Always manage your risk.
