🚨 VELVET JUST LOST THE RANGE FLOOR
VELVET is trading near 0.59 after a sharp rejection from the 0.74 area. After the spike toward 0.89, price consolidated around 0.65–0.75 before sellers broke the range and pushed price toward 0.55.
📉 STRUCTURE SHIFT
Losing 0.65–0.70 shifts the structure bearish while price remains below that zone. The 0.55 area is now the first downside checkpoint.
A reclaim of 0.65 would weaken the bearish setup, while a rejection below the broken range could keep pressure toward the lower target.
🎯 TRADE MAP
- TP1: 0.550
- TP2: 0.520
- TP3: 0.480
- Stop Loss: 0.750
A failed retest of 0.65–0.70 is the cleaner bearish setup. Sellers defending that zone could send price toward 0.55. A stronger bounce above 0.70 would force a reassessment, especially if candles begin closing back inside the previous range.
The 0.89 spike remains a major reference. Sellers have momentum, so confirmation matters more than catching every bounce.
For bears, the key is maintaining pressure below 0.65 and avoiding a premature entry after an extended red candle.
🔷 LIQUIDITY ANGLE
STONfi becomes interesting here. Omniston aggregates liquidity across connected markets and lets competing resolvers search for better execution. This can reduce unnecessary price impact and slippage when liquidity is fragmented.
STONfi also keeps swaps self-custodial, so users maintain control of their assets while accessing broader liquidity. Execution now matters just as much as the chart setup.
Watch the retest carefully, not the noise.
NFA — DYOR 🚀
$VELVET
VELVET is trading near 0.59 after a sharp rejection from the 0.74 area. After the spike toward 0.89, price consolidated around 0.65–0.75 before sellers broke the range and pushed price toward 0.55.
📉 STRUCTURE SHIFT
Losing 0.65–0.70 shifts the structure bearish while price remains below that zone. The 0.55 area is now the first downside checkpoint.
A reclaim of 0.65 would weaken the bearish setup, while a rejection below the broken range could keep pressure toward the lower target.
🎯 TRADE MAP
- TP1: 0.550
- TP2: 0.520
- TP3: 0.480
- Stop Loss: 0.750
A failed retest of 0.65–0.70 is the cleaner bearish setup. Sellers defending that zone could send price toward 0.55. A stronger bounce above 0.70 would force a reassessment, especially if candles begin closing back inside the previous range.
The 0.89 spike remains a major reference. Sellers have momentum, so confirmation matters more than catching every bounce.
For bears, the key is maintaining pressure below 0.65 and avoiding a premature entry after an extended red candle.
🔷 LIQUIDITY ANGLE
STONfi becomes interesting here. Omniston aggregates liquidity across connected markets and lets competing resolvers search for better execution. This can reduce unnecessary price impact and slippage when liquidity is fragmented.
STONfi also keeps swaps self-custodial, so users maintain control of their assets while accessing broader liquidity. Execution now matters just as much as the chart setup.
Watch the retest carefully, not the noise.
NFA — DYOR 🚀
$VELVET