$VELVET — PUMP DONE, OR ANOTHER MOVE LOADING?
$VELVET has seen a huge rally, but the chart now shows strong rejection from the $1.20 area and heavy selling pressure. Price is currently around $0.86.
The key level to watch is $0.80. If buyers defend it, a recovery toward $0.95 → $1.05 → $1.20 could develop. If $0.80 breaks with strong selling, downside pressure may continue.
Traders, what’s your call?
$0.80 holds = LONG recovery
$0.80 breaks = MORE downside
$VELVET has seen a huge rally, but the chart now shows strong rejection from the $1.20 area and heavy selling pressure. Price is currently around $0.86.
The key level to watch is $0.80. If buyers defend it, a recovery toward $0.95 → $1.05 → $1.20 could develop. If $0.80 breaks with strong selling, downside pressure may continue.
Traders, what’s your call?
$0.80 holds = LONG recovery
$0.80 breaks = MORE downside