🚨 $VELVET /USDT Perp Update (4H) 🔥
Fam, $VELVET just bounced hard from 0.0935, but the real wall sits at 0.115–0.117 (24H high + MA99 ≈ 0.1169). Until this is reclaimed, we’re still in a downtrend bounce.
📊 Trade Map:
Long Only: ✅
•Condition: 4H close above 0.117
•Targets: 0.121 → 0.131
•Invalidation: back below 0.107
Short Opportunity: ❌
•Condition: Rejection at 0.115–0.117 and lose 0.107
•Targets: 0.102 → 0.0935
⚡ Perp Rules: Don’t chase wicks. Let price confirm before committing.