🐋 $VELVET hits a new 24-hour high; the buy-side interest looks quite positive.
Current price 0.07624, breaks above the previous high 0.07592, with 24h trading volume of $6.99 million.
Near the new high, it’s often where stop-loss orders for short positions are concentrated—after it holds, it can trigger short covering; but also be careful of a sharp push up followed by a pullback.
#VELVET
DYOR, trade rationally.
Current price 0.07624, breaks above the previous high 0.07592, with 24h trading volume of $6.99 million.
Near the new high, it’s often where stop-loss orders for short positions are concentrated—after it holds, it can trigger short covering; but also be careful of a sharp push up followed by a pullback.
#VELVET
DYOR, trade rationally.