Detailed Analysis 📊 of VELVET with Guaranteed Entry Points
The chart shows that the VELVETUSDT pair on the 4-hour timeframe is in a recovery wave after a sharp decline. The price is currently near 0.538 with a clear increase in volume, and the MACD is turning positive. However, the short-term RSI is high, indicating the possibility of a short-term correction.
Nearby Resistance
🟥0.55 – 0.58: First resistance.
🟥0.65 – 0.70: Stronger resistance if the upward momentum continues.
Support
🟩0.47 – 0.49: Near support.
🟩0.40 – 0.42: Major support.
Potential Buying Plan
Wait for a daily or 4-hour candle to close above 0.55.
Enter between 0.55 and 0.57 after confirmation of the breakout.
Stop loss below 0.49. 🚫
Targets:
0.651
0.752
0.903
Short Selling Plan
If the price fails to hold above 0.55 and reversal candles appear after breaking 0.49, the potential targets are:
0.441
0.402