$VELVET Long Setup this is a reclaim + squeeze-style structure, but still needs confirmation at key levels.
What the setup is showing:
đž Price reclaimed EMA21 after a sharp intraday flush
đž 0.385 support held with strong wick reaction
đž Funding falling â potential short pressure building
đž OI drop (-20%) â weaker hands flushed out
đŻ Trade plan:
đ Entry: 0.3880 â 0.4020
đ Stop: 0.3600
đŻ Targets: 0.4280 â 0.4650 â 0.5200
Key reality check: This is a recovery structure, not a confirmed trend reversal yet.
Two scenarios matter most:
đ Bull case:
Price holds above EMA21
Breaks 0.42 cleanly with volume
Triggers potential short squeeze continuation
đ Bear case:
Rejection below 0.40 zone
Loss of 0.385 support
Flush continuation toward stop zone
The real trigger level here is 0.42 breakout vs rejection.
Right now, $VELVET is in a rebound attempt phase, where momentum can flip quickly in either direction.
#RMJ_trades
#USMayCoreInflationBelowForecast
#USCPISurgesToThreeYearHighOf4.2%
#SaudiKuwaitFundsOrderSpaceXIPO
#QatarFundConsidersSpaceXInvestment
What the setup is showing:
đž Price reclaimed EMA21 after a sharp intraday flush
đž 0.385 support held with strong wick reaction
đž Funding falling â potential short pressure building
đž OI drop (-20%) â weaker hands flushed out
đŻ Trade plan:
đ Entry: 0.3880 â 0.4020
đ Stop: 0.3600
đŻ Targets: 0.4280 â 0.4650 â 0.5200
Key reality check: This is a recovery structure, not a confirmed trend reversal yet.
Two scenarios matter most:
đ Bull case:
Price holds above EMA21
Breaks 0.42 cleanly with volume
Triggers potential short squeeze continuation
đ Bear case:
Rejection below 0.40 zone
Loss of 0.385 support
Flush continuation toward stop zone
The real trigger level here is 0.42 breakout vs rejection.
Right now, $VELVET is in a rebound attempt phase, where momentum can flip quickly in either direction.
#RMJ_trades
#USMayCoreInflationBelowForecast
#USCPISurgesToThreeYearHighOf4.2%
#SaudiKuwaitFundsOrderSpaceXIPO
#QatarFundConsidersSpaceXInvestment