$VELVET showing same parabolic behavior like $LAB
Long $VELVET
Entry: 1.35 - 1.55
SL: 1.25
TP1: 1.80
TP2: 1.95
TP3: 2.25
TP4: 2.50
Why:
VELVET remains in a powerful price discovery phase after rallying from below 0.10 to nearly 2.00. The recent rejection from 1.92 has been shallow, with price holding firmly above the breakout zone around 1.55-1.60. MACD continues to expand higher while volume remains elevated, indicating strong participation from momentum traders. As long as VELVET maintains support above 1.50, the trend favors continuation toward new highs.
📩 DM me to know how to join my premium group for high quality trade setups
Trade $VELVET here 👇
Trade smart. DYOR.
Long $VELVET
Entry: 1.35 - 1.55
SL: 1.25
TP1: 1.80
TP2: 1.95
TP3: 2.25
TP4: 2.50
Why:
VELVET remains in a powerful price discovery phase after rallying from below 0.10 to nearly 2.00. The recent rejection from 1.92 has been shallow, with price holding firmly above the breakout zone around 1.55-1.60. MACD continues to expand higher while volume remains elevated, indicating strong participation from momentum traders. As long as VELVET maintains support above 1.50, the trend favors continuation toward new highs.
📩 DM me to know how to join my premium group for high quality trade setups
Trade $VELVET here 👇
Trade smart. DYOR.