The $VELVET 1h chart shows Velvet experiencing a significant bullish rally (+17.71%), currently trading around 0.0789. The price is trading well above key trend moving averages (MA 7 at 0.0781, MA 25 at 0.077, and MA 99 at 0.0631). A temporary pullback toward underlying support offers a prospective long entry setup in anticipation of a secondary leg higher toward key overhead targets
👉Entry Long: 0.074 - 0.0768
💥Stop Loss: < 0.07
🎉TP1: 0.0838 - 0.087
🎉TP2: 0.0943 - 0.098
🎉Secondary target region approaching high liquidity swing levels, with an extended overhead target at 0.1120
💥Disclaimer: Technical analysis is based on chart patterns for educational and informational purposes only. Trading cryptocurrency derivatives carries significant financial risk. Always maintain strict risk management and set stop loss orders on every position
Click here to view the chart #Velvet 👇️👇👇
👉Entry Long: 0.074 - 0.0768
💥Stop Loss: < 0.07
🎉TP1: 0.0838 - 0.087
🎉TP2: 0.0943 - 0.098
🎉Secondary target region approaching high liquidity swing levels, with an extended overhead target at 0.1120
💥Disclaimer: Technical analysis is based on chart patterns for educational and informational purposes only. Trading cryptocurrency derivatives carries significant financial risk. Always maintain strict risk management and set stop loss orders on every position
Click here to view the chart #Velvet 👇️👇👇
