$VELVET is stabilizing right at a critical trend pivot after flushing out local weak hands.
$VELVET — LONG
Trade Plan:
Entry: 0.405700 – 0.401450
SL: 0.344100
TP1: 0.416660
TP2: 0.442060
TP3: 0.474900
Why this setup?
Moving Average Cushion: As shown in 1000650494.jpg, price is compressing directly into the 1H MA(99) structural baseline support layer at 0.401455.
Dominant Buy Side Inflow: Real-time order book mechanics display aggressive limit order accumulation, with active bids firmly leading the auction at 54.09%.
High Liquidity Transaction Profile: An explosive 24H volume of 649.32M VELVET confirms massive capital backing to absorb local sell pressure for a bounce.
Debate:
Will $VELVET reclaim the MA(25) at 0.416660 or sweep the 24H lows first?
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