$VELVET USDT — Wide
The price has formed higher lows after touching the support zone, with rebounds gaining consistency. Corrections are brief and demand reappears at key levels, confirming a shift in bias toward recovery.
Trading plan
Entry: 0.05500 – 0.05599
Stop Loss: 0.05350
Target 1: 0.05850
Target 2: 0.06050
Target 3: 0.06300
Why this scenario
The structure has improved and each pullback is absorbed quickly. As long as it holds above 0.05350, the most likely path is continuation toward higher resistance levels.
The price has formed higher lows after touching the support zone, with rebounds gaining consistency. Corrections are brief and demand reappears at key levels, confirming a shift in bias toward recovery.
Trading plan
Entry: 0.05500 – 0.05599
Stop Loss: 0.05350
Target 1: 0.05850
Target 2: 0.06050
Target 3: 0.06300
Why this scenario
The structure has improved and each pullback is absorbed quickly. As long as it holds above 0.05350, the most likely path is continuation toward higher resistance levels.
