$VELVET Price is in a strong bearish trend after a sharp sell-off. Market is trading below EMA(7), EMA(25) & EMA(99), showing sellers are still in control. Buy Zone (Dip Buy): • $0.136 – $0.140 (strong support & recent wick low) Sell / Resistance: • $0.152 – $0.158 (EMA zone & pullback resistance) Invalidation: • Sustained break above $0.160 Bias: Bearish → Relief bounce possible, but trend remains weak until price reclaims EMA(25). Safer strategy is buy near support or sell on pullback rejection.