$VELVET showing early reversal structure after holding a key demand zone, with buyers attempting to build momentum for a higher leg.

Entry zone: 0.465 – 0.473
Stop: 0.417

Upside targets: TP1: 0.508
TP2: 0.534
TP3: 0.573

Bullish continuation remains valid while price stays above support; momentum confirmation needed for extension toward upper targets.