$VELVET is now approaching the next major support zone around $0.47ā$0.49.
This is an important area to watch after the sharp rejection from the highs.
š¹ $0.47ā$0.49 ā first major support
If this zone fails, the correction could accelerate toward $0.43ā$0.38
ā ļø $0.38 is the key level.
This is a much stronger and more important support zone. Holding above it could give buyers a chance to stabilize the structure.
But if $0.38 breaks and price starts accepting below it, deeper correction becomes possible $0.28 ā $0.26
For now, $0.47ā$0.49 is the first zone to watch, while $0.38 is the real line in the sand.
#Meme Alpha#
This is an important area to watch after the sharp rejection from the highs.
š¹ $0.47ā$0.49 ā first major support
If this zone fails, the correction could accelerate toward $0.43ā$0.38
ā ļø $0.38 is the key level.
This is a much stronger and more important support zone. Holding above it could give buyers a chance to stabilize the structure.
But if $0.38 breaks and price starts accepting below it, deeper correction becomes possible $0.28 ā $0.26
For now, $0.47ā$0.49 is the first zone to watch, while $0.38 is the real line in the sand.
#Meme Alpha#