◈ ALGO BEACON | VELVET/USDT (30m) ◈
A 30m Bear Flag consolidation is actively testing channel support on VELVET/USDT detected by ChartScout.
[ STRUCTURE PROFILE ]
▶ Asset: VELVET/USDT (30m Timeframe)
▶ Pattern : Bear Flag (Continuation Setup)
▶ Impulse Drop : -10.7% Flagpole
▶ Support Floor : $0.0524 USDT (3 Retests)
▶ Resistance Ceiling : $0.0548 USDT (2 Retests)
▶ Current Tape : $0.0525 USDT (Testing Floor)
[ EXECUTION DYNAMICS ]
Following an initial -10.7% sell-off down to $0.0516, price action has drifted upward inside a tight consolidation channel. Lower support has been tested 3 times. Watch for volume expansion on a 30m candle close below $0.0524 to confirm potential downward continuation.
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