$VELVET is up +20% in 24h on $134M+ volume. After spiking to 0.0957, it dipped to 0.0645 and buyers stepped right back in. It's now consolidating near 0.0797 with higher lows on the 1H.
🔥 Market Sentiment
Strong volume plus a quick recovery from the wick shows dip buyers are active. Momentum is still alive, and the market looks like it's gathering strength for another push.
📊 Key Points
Strong base breakout from the 0.04–0.05 zone
0.07 is holding as support
RSI 55.5: neutral, with room to run
Volume confirms the move
🎯 Trade Idea: LONG
Entry: 0.0780 – 0.0800
SL: 0.0690
TP1: 0.0880
TP2: 0.0957 (RR ~1:1.7)
TP3: 0.1050 (RR ~1:2.6)
A 1H close above 0.0850 confirms continuation. If price loses 0.069, the setup is invalid, so exit without hesitation. Use proper risk management and low leverage.
💬 Are you long or waiting for a dip? Comment below 👇
⚠️ Not financial advice. DYOR.
#Velvet #BinanceSquare #cryptotrading #Breakout #futures
🔥 Market Sentiment
Strong volume plus a quick recovery from the wick shows dip buyers are active. Momentum is still alive, and the market looks like it's gathering strength for another push.
📊 Key Points
Strong base breakout from the 0.04–0.05 zone
0.07 is holding as support
RSI 55.5: neutral, with room to run
Volume confirms the move
🎯 Trade Idea: LONG
Entry: 0.0780 – 0.0800
SL: 0.0690
TP1: 0.0880
TP2: 0.0957 (RR ~1:1.7)
TP3: 0.1050 (RR ~1:2.6)
A 1H close above 0.0850 confirms continuation. If price loses 0.069, the setup is invalid, so exit without hesitation. Use proper risk management and low leverage.
💬 Are you long or waiting for a dip? Comment below 👇
⚠️ Not financial advice. DYOR.
#Velvet #BinanceSquare #cryptotrading #Breakout #futures