📊 $VELVET – Mixed structure, rejection at 1.8000.
Price 1.4607, below MA7 (1.5526) but above MA25 (1.4280) and MA99 (1.1672) – mixed bearish tilt. 24h high 1.8000 rejected. Volume moderate (USDT 12.6M). Today +108%.
Key levels:
· Resistance: MA7 (1.5526) – reclaim = bullish.
· Support: MA25 (1.4280) – break = bearish.
Verdict: Mixed bearish tilt. Pullback likely. Wait for reclaim above 1.5526.
#Velvet #TechnicalAnalysis #BinanceSquare
Price 1.4607, below MA7 (1.5526) but above MA25 (1.4280) and MA99 (1.1672) – mixed bearish tilt. 24h high 1.8000 rejected. Volume moderate (USDT 12.6M). Today +108%.
Key levels:
· Resistance: MA7 (1.5526) – reclaim = bullish.
· Support: MA25 (1.4280) – break = bearish.
Verdict: Mixed bearish tilt. Pullback likely. Wait for reclaim above 1.5526.
#Velvet #TechnicalAnalysis #BinanceSquare