$VELVET is showing solid buying strength and getting ready for a fresh upward push...
$VELVET — LONG
TP: 0.8500
Stoploss: 0.7100
Why this setup?
Because $VELVET is bouncing back firmly after finding strong support above the recent lows. Reviewing the indicators, the MACD highlights positive momentum building up, and the RSI(6) sitting at 59.06 shows steady demand driving the recovery. With buyers stepping in to regain control, further upside is anticipated.
Trade here ⬇️
$VELVET — LONG
TP: 0.8500
Stoploss: 0.7100
Why this setup?
Because $VELVET is bouncing back firmly after finding strong support above the recent lows. Reviewing the indicators, the MACD highlights positive momentum building up, and the RSI(6) sitting at 59.06 shows steady demand driving the recovery. With buyers stepping in to regain control, further upside is anticipated.
Trade here ⬇️