0_31_0_38

Ongoing Downtrend ⚠️*

*The bearish scenario is still active, but with caution*

After a wave of aggressive selling, $VELVET reached an oversold zone.
This doesn’t mean the downtrend has ended... we’ll likely see a corrective rebound first, then we continue along the downward path.

#### *🔴 WATCH ZONE*
*0.31$ – 0.38$*
This is the crucial zone. Any move into it requires monitoring for rejection signals.

#### *🎯 Downtrend Targets*
- *TP1*: 0.1508$
- *TP2*: 0.1251$
- *TP3*: 0.1024$
- *TP4*: 0.0775$

#### *📌 Expected Scenario*
1. We wait for the price to rebound into the 0.31$ – 0.38$ zone
2. We watch for rejection candles or a sell-volume reaction from there
3. Upon confirmation, we target the downside levels shown above

#### *⚠️ Scenario Invalidation*
Breaking 0.38$ and holding above it with a daily candle = failure of the bearish scenario
and then we may see a short-term shift to the upside.

*Summary*: Oversold conditions = an opportunity for a rebound, not a reversal.
Selling on the rebound is the most likely move as long as price stays below 0.38$

_Notice: This is an informational technical analysis, not a financial recommendation_

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$VELVET