๐ฅ Coin $VELVET :
An accumulation opportunity or a trap for buyers? ๐
The coin is showing interesting movements and high volatility following the latest drop. It is currently trading around 0.06755.
๐ A quick look at the chart (current chart):
โข Recent low and support: A clear bounce from the 0.06607 levels, where green rebound candles appeared.
โข Nearby resistance: The 0.06974 levels and today's high at 0.07191.
โข Moving averages: The price is trying to stabilize near the 7- and 25-day averages to lay the groundwork for a genuine rebound.
๐ฏ Suggested action plan (technical recommendation)
โข ๐ Entry zone (Buy Zone): Accumulate between the current price of 0.06755 and 0.06650.
โข ๐ฏ Targets:
โข First target: 0.06970 (quick trade)
โข Second target: 0.07110
โข Third target: 0.07230 (if the strong resistance is broken)
โข โ ๏ธ Stop Loss: A 4-hour candle close below 0.06580.
๐ Tell us in the comments:
Do you think the current rebound is real and will push the coin toward new highs? Or do the resistance lines have other ideas? Share your analysis! ๐๐
#Binance #Crypto #Bitcoin #ุนู ูุงุช_ุฑูู ูุฉ #ุชุฏุงูู $VELVET
An accumulation opportunity or a trap for buyers? ๐
The coin is showing interesting movements and high volatility following the latest drop. It is currently trading around 0.06755.
๐ A quick look at the chart (current chart):
โข Recent low and support: A clear bounce from the 0.06607 levels, where green rebound candles appeared.
โข Nearby resistance: The 0.06974 levels and today's high at 0.07191.
โข Moving averages: The price is trying to stabilize near the 7- and 25-day averages to lay the groundwork for a genuine rebound.
๐ฏ Suggested action plan (technical recommendation)
โข ๐ Entry zone (Buy Zone): Accumulate between the current price of 0.06755 and 0.06650.
โข ๐ฏ Targets:
โข First target: 0.06970 (quick trade)
โข Second target: 0.07110
โข Third target: 0.07230 (if the strong resistance is broken)
โข โ ๏ธ Stop Loss: A 4-hour candle close below 0.06580.
๐ Tell us in the comments:
Do you think the current rebound is real and will push the coin toward new highs? Or do the resistance lines have other ideas? Share your analysis! ๐๐
#Binance #Crypto #Bitcoin #ุนู ูุงุช_ุฑูู ูุฉ #ุชุฏุงูู $VELVET