$VELVET is finally testing the descending trendline after spending days building a base above the demand zone.
Price is also pushing into the 50 & 99 EMA resistance. A clean 4H close above this area would confirm the breakout and could kick off the next strong leg higher.
This is a key decision point. Break and hold above resistance, and momentum can accelerate fast.
Price is also pushing into the 50 & 99 EMA resistance. A clean 4H close above this area would confirm the breakout and could kick off the next strong leg higher.
This is a key decision point. Break and hold above resistance, and momentum can accelerate fast.