$VELVET 🚀 VELVET/USDT Technical Analysis: Buy the Dip?
VELVET is consolidating after a massive rally from $0.08775 to $0.13300. The higher time frame (HTF) structure remains strictly bullish.
📊 Key Indicators & Liquidity
Fibonacci & FVG: Holding the 0.382 Fib ($0.1157) beautifully. The downside retracement has mitigated the 4H Fair Value Gap (FVG), cooling off the overextended market.
EMAs: The EMA 25 ($0.1150) is acting as rock-solid dynamic support just below the current price.
Stochastic RSI: Deeply oversold (~16) on the 4H chart and priming for a bullish crossover.
Liquidation Heatmap: High-concentration downside liquidity sits at $0.1150 and $0.1120 (expect a quick stop-run wick). Massive upside short liquidity is waiting to be hunted between $0.1230 and $0.1260.
🎯 The Verdict: LONG (Bullish Continuation)
The setup heavily favors buyers. Indicators are fully reset, key imbalances are filled, and order books show strong defense at current levels.
📈 Trade Strategy
Optimal Entry: $0.1145 – $0.1165 (Watch for a wick to sweep the $0.1150 liquidity)
Take Profit (TP): $0.1220 / $0.1260 / $0.1320
Stop Loss (SL): 4H candle close below $0.1100
Manage your risk-reward ratio and leverage safely!
#BinanceSquareFamily #bullish #Velvet #Binance
