Everyone overlooks the increase in VELVET’s volume—here’s why I’m watching it closely.
$VELVET / USDT - Buy
Trading plan:
Entry: 0.0560 – 0.0565
Stop loss: 0.0490
First target: 0.0600
Second target: 0.0640
Third target: 0.0700
Why this trade?
On the 4-hour timeframe, the price collapsed to 0.0456, but it’s now recovering with a surge in volume, reclaiming MA7 (0.05312) and MA25 (0.05191). The 0.05615 level is holding as support, and continuing toward 0.0600 and 0.0640 is the most likely outcome.
Discussion: Will VELVET hold the 0.0560 level and break out to 0.0600, or will it reject and drop to 0.0500?
Click here to trade 👇
$VELVET / USDT - Buy
Trading plan:
Entry: 0.0560 – 0.0565
Stop loss: 0.0490
First target: 0.0600
Second target: 0.0640
Third target: 0.0700
Why this trade?
On the 4-hour timeframe, the price collapsed to 0.0456, but it’s now recovering with a surge in volume, reclaiming MA7 (0.05312) and MA25 (0.05191). The 0.05615 level is holding as support, and continuing toward 0.0600 and 0.0640 is the most likely outcome.
Discussion: Will VELVET hold the 0.0560 level and break out to 0.0600, or will it reject and drop to 0.0500?
Click here to trade 👇
