$VELVET just delivered a massive pump, and now price is sitting at a decision zone. After such a strong move, either continuation toward new highs or a healthy pullback is expected — this is where smart traders stay patient and wait for confirmation instead of chasing.

Trade Setup:

Long Entry: On pullback near support

Target 1: Previous high

Target 2: Breakout continuation

Stop Loss: Below recent support

Short Entry: If rejection at current zone

Target 1: Lower support

Target 2: Deeper correction

Stop Loss: Above recent high