After that brutal dump down to 0.068, we finally got a huge green candle with some real volume coming in
Looks like the sellers are exhausted for now and a relief bounce is playing out.
But be careful, this thing is still down -84% on the 90-day chart, so this is a scalp only. Don't marry your bags!
🔥 Long Setup:
🔹 Entry: Current (0.0781) or wait for a slight pullback to 0.0765 - 0.0770.
🔹 Targets (TP):
· TP1: 0.0805 (local high)
· TP2: 0.0850
· TP3: 0.0920 (if momentum continues)
🔹 Stop Loss (SL): Tight at 0.0725. If we lose this, back to the lows we go.
NFA, DYOR. Good luck out there
$VELVET
Looks like the sellers are exhausted for now and a relief bounce is playing out.
But be careful, this thing is still down -84% on the 90-day chart, so this is a scalp only. Don't marry your bags!
🔥 Long Setup:
🔹 Entry: Current (0.0781) or wait for a slight pullback to 0.0765 - 0.0770.
🔹 Targets (TP):
· TP1: 0.0805 (local high)
· TP2: 0.0850
· TP3: 0.0920 (if momentum continues)
🔹 Stop Loss (SL): Tight at 0.0725. If we lose this, back to the lows we go.
NFA, DYOR. Good luck out there
$VELVET