$VELVET is showing a strong recovery after dropping to the $0.7015 area. Buyers stepped in aggressively, pushing price back toward $0.7404, while the short-term MA(7) has turned upward.
⚡ Trade Setup: LONG
Entry: $0.7350 – $0.7420
Stop Loss: $0.7210
TP1: $0.7487
TP2: $0.7595
TP3: $0.7750
TP4: $0.8019
🔎 Key Levels:
$0.7487 is the first important resistance, followed by the $0.7595–$0.7750 zone. A clean breakout above these levels with strong volume could open the way toward $0.80+.
However, if price loses $0.7210, the bullish setup weakens and a retest of the $0.7015 low becomes possible.
🎯 Strategy: Wait for confirmation and avoid chasing the move. Manage risk carefully, especially on leverage.
⚡ Trade Setup: LONG
Entry: $0.7350 – $0.7420
Stop Loss: $0.7210
TP1: $0.7487
TP2: $0.7595
TP3: $0.7750
TP4: $0.8019
🔎 Key Levels:
$0.7487 is the first important resistance, followed by the $0.7595–$0.7750 zone. A clean breakout above these levels with strong volume could open the way toward $0.80+.
However, if price loses $0.7210, the bullish setup weakens and a retest of the $0.7015 low becomes possible.
🎯 Strategy: Wait for confirmation and avoid chasing the move. Manage risk carefully, especially on leverage.
