$VELVET Update 📊
Price is holding above 1.78 USDT while Open Interest continues to climb. Smart traders remain heavily long, but retail accounts are still mostly short.
Key observations:
✅ Rising Open Interest
✅ Strong buying pressure
✅ Positive funding rate
⚠️ Major sell wall near 1.79–1.80 USDT
If buyers absorb this resistance, another leg higher could follow. If not, expect a healthy pullback before the next move.
Watching closely—patience beats FOMO. 👀
#Velvet #BinanceSquare #Crypto #Trading #Altcoins
Price is holding above 1.78 USDT while Open Interest continues to climb. Smart traders remain heavily long, but retail accounts are still mostly short.
Key observations:
✅ Rising Open Interest
✅ Strong buying pressure
✅ Positive funding rate
⚠️ Major sell wall near 1.79–1.80 USDT
If buyers absorb this resistance, another leg higher could follow. If not, expect a healthy pullback before the next move.
Watching closely—patience beats FOMO. 👀
#Velvet #BinanceSquare #Crypto #Trading #Altcoins