🔥 $VELVET is at a decision zone — the next breakout could set the short-term trend.
$VELVET
is trading near $0.0960 on the 4H chart. Price is above MA(7) at $0.09406, but still just below MA(25) at $0.09651. This makes $0.0965–$0.0974 the key resistance and liquidity area.
📈 LONG SETUP
Entry: $0.0966–$0.0970 after confirmed 4H breakout
TP1: $0.0985
TP2: $0.1005
TP3: $0.1030
SL: $0.0945
📉 SHORT SETUP
Entry: $0.0958–$0.0965 on clear rejection
TP1: $0.0945
TP2: $0.0925
TP3: $0.0907
SL: $0.0980
Volume remains important: 24H volume is around 69.32M VELVET. A breakout without stronger volume could be vulnerable to a fake move.
My take: I would not chase $VELVET in the middle of the range. I’d wait for either a confirmed breakout above resistance or a clean rejection.
Which setup would you take — LONG breakout or SHORT rejection?
#VELVET #CryptoTrading #AyeshaAbid
$VELVET
is trading near $0.0960 on the 4H chart. Price is above MA(7) at $0.09406, but still just below MA(25) at $0.09651. This makes $0.0965–$0.0974 the key resistance and liquidity area.
📈 LONG SETUP
Entry: $0.0966–$0.0970 after confirmed 4H breakout
TP1: $0.0985
TP2: $0.1005
TP3: $0.1030
SL: $0.0945
📉 SHORT SETUP
Entry: $0.0958–$0.0965 on clear rejection
TP1: $0.0945
TP2: $0.0925
TP3: $0.0907
SL: $0.0980
Volume remains important: 24H volume is around 69.32M VELVET. A breakout without stronger volume could be vulnerable to a fake move.
My take: I would not chase $VELVET in the middle of the range. I’d wait for either a confirmed breakout above resistance or a clean rejection.
Which setup would you take — LONG breakout or SHORT rejection?
#VELVET #CryptoTrading #AyeshaAbid