This one is building a pretty clean bullish structure right now. Price is holding above mid-range support and trading close to the 0.0867 daily high, which shows buyers are still in control.
Volume is steady, and on lower timeframes we’re seeing consistent higher lows — dips are getting bought. As long as VELVET stays above the 0.0840 – 0.0807 support zone, a push toward 0.0875 looks very realistic.
If 0.0875 breaks clean with strength, the next upside area I’m watching is around 0.0920.
I think this move could play out within the next 24 hours, but I’m not recommending any entries here — just sharing how I’m reading the chart.