📊$VELVET Update (H4)
VELVET remains in a strong bullish trend after a 124% surge. Price is trading well above the EMA50/EMA100, while MACD and volume confirm strong buying momentum.
⚠️ However, chasing the rally is risky. After such a parabolic move, a short-term pullback toward $1.10–1.20 is possible before the next leg up.
Outlook: Stay bullish above $1.20, but avoid FOMO at current levels. Wait for a healthy retracement or a confirmed breakout above $1.50.
VELVET remains in a strong bullish trend after a 124% surge. Price is trading well above the EMA50/EMA100, while MACD and volume confirm strong buying momentum.
⚠️ However, chasing the rally is risky. After such a parabolic move, a short-term pullback toward $1.10–1.20 is possible before the next leg up.
Outlook: Stay bullish above $1.20, but avoid FOMO at current levels. Wait for a healthy retracement or a confirmed breakout above $1.50.