The chart for $VELVET /USDT perpetual on Binance shows a clear downtrend, with the price dropping sharply from highs around 0.168+ to the current 0.10105 (down -14.17% recently marked). It's hugging the lower Bollinger Band, with price at 0.10105 near the 24h low of 0.09751. The middle Bollinger is at ~0.1209, upper at 0.147, signaling strong bearish momentum and oversold conditions.

RSI(14) sits at ~35, RSI(6) ~35 — both low and in oversold territory, hinting at potential exhaustion in selling pressure. Stochastic shows K:24.6, D:26.5, J:20.8 — also deeply oversold with a possible bullish crossover forming soon. Volume appears to be tapering on the downside candles, and we're testing key support near 0.10 (marked price level).

This setup screams oversold bounce potential after heavy selling — classic reversal signal in a volatile alt like Velvet (the AI-powered DeFi OS token backed by strong ecosystem utility).

🚨 SHORT-TERM TRADE FORECAST: LONG $VELVET /USDT Now! 🚨

Buy at current levels ~0.1010–0.1020

🎯 Take Profit 1: 0.1100 (+8-9%)

🎯 Take Profit 2: 0.1200 (middle BB target, +18-19%)

Stop Loss: 0.0970 (below 24h low, tight risk ~4-5%)

Leverage wisely (5-10x max suggested for this setup), manage risk — this could be the bottom before a strong rebound in this DeFAI gem!

Don't miss the move — volatility is high, but indicators are aligning for upside. Trade smart, scale in on dips!

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