$VELVET is consolidating near $0.87 following a vertical daily expansion wick that retested the $0.90 major resistance level, backed by massive volume.
• Bullish Trigger: A sustained hold above $0.87 followed by a breakout over $0.90 opens the path toward testing the $1.00 key psychological resistance, with further upside potential extending toward $1.3168 and the major peak target at $1.9121.
• Bearish Threat: Rejection at the $0.90 resistance risks a retest targeting the $0.6435 major support base, where a breakdown could extend the correction toward the $0.4339 demand floor.
Click to Trade👇$VELVET
• Bullish Trigger: A sustained hold above $0.87 followed by a breakout over $0.90 opens the path toward testing the $1.00 key psychological resistance, with further upside potential extending toward $1.3168 and the major peak target at $1.9121.
• Bearish Threat: Rejection at the $0.90 resistance risks a retest targeting the $0.6435 major support base, where a breakdown could extend the correction toward the $0.4339 demand floor.
Click to Trade👇$VELVET