🚨 $VELVET Analysis (15M)
Market Structure
* Price made a strong rally toward the 2.0+ area.
* A sharp sell-off followed.
* Now VELVET is consolidating around the 0.42 zone.
* No clear uptrend yet, just a potential base forming.
Bullish Scenario 📈
If price breaks and holds above 0.48:
📍 Entry: 0.48
🛑 Stop Loss: 0.39
🎯 TP1: 0.60
🎯 TP2: 0.80
🎯 TP3: 1.00
Bearish Scenario 📉
If support at 0.39 breaks:
📍 Entry: 0.38
🛑 Stop Loss: 0.44
🎯 TP1: 0.32
🎯 TP2: 0.28
My View 👀
Right now, entering at the current price looks more like a FOMO trade.
I would rather:
✅ Wait for a confirmed breakout above 0.48, or
✅ Wait for a retest near 0.39–0.40
Risk management comes first. Let the market prove its direction before taking a position.
#VELVETUSDT #Crypto #Trading #BinanceSquare
Market Structure
* Price made a strong rally toward the 2.0+ area.
* A sharp sell-off followed.
* Now VELVET is consolidating around the 0.42 zone.
* No clear uptrend yet, just a potential base forming.
Bullish Scenario 📈
If price breaks and holds above 0.48:
📍 Entry: 0.48
🛑 Stop Loss: 0.39
🎯 TP1: 0.60
🎯 TP2: 0.80
🎯 TP3: 1.00
Bearish Scenario 📉
If support at 0.39 breaks:
📍 Entry: 0.38
🛑 Stop Loss: 0.44
🎯 TP1: 0.32
🎯 TP2: 0.28
My View 👀
Right now, entering at the current price looks more like a FOMO trade.
I would rather:
✅ Wait for a confirmed breakout above 0.48, or
✅ Wait for a retest near 0.39–0.40
Risk management comes first. Let the market prove its direction before taking a position.
#VELVETUSDT #Crypto #Trading #BinanceSquare