$VELVET
Bias: LONG ✅ (with confirmation)
Current price: ~$0.621
Trend: Strong bullish move, now consolidating after the spike to $0.8887.
Bollinger Mid: $0.5492 — price remains above it, supporting bullish structure.
RSI: 57.5 — positive momentum without being overbought.
Resistance: $0.650–0.660, then $0.780–0.795
Support: $0.590–0.600, then $0.549
Possible Long Setup:
🟢 Entry: $0.600–0.625
🎯 TP1: $0.680
🎯 TP2: $0.750
🎯 TP3: $0.790
🛑 SL: $0.570
Confirmation: A strong 1H close above $0.650–0.660 could increase the probability of another move higher.
⚠️ Because this coin has already moved +45% in 24h, volatility is very high. Avoid chasing a pump and use low leverage. DYOR.
#Velvet
#VELVETUSDT
Bias: LONG ✅ (with confirmation)
Current price: ~$0.621
Trend: Strong bullish move, now consolidating after the spike to $0.8887.
Bollinger Mid: $0.5492 — price remains above it, supporting bullish structure.
RSI: 57.5 — positive momentum without being overbought.
Resistance: $0.650–0.660, then $0.780–0.795
Support: $0.590–0.600, then $0.549
Possible Long Setup:
🟢 Entry: $0.600–0.625
🎯 TP1: $0.680
🎯 TP2: $0.750
🎯 TP3: $0.790
🛑 SL: $0.570
Confirmation: A strong 1H close above $0.650–0.660 could increase the probability of another move higher.
⚠️ Because this coin has already moved +45% in 24h, volatility is very high. Avoid chasing a pump and use low leverage. DYOR.
#Velvet
#VELVETUSDT