$VELVET just hit 0.2933 on the 30M chart, just touched a new high for the 28th.
Right now, the market's most crucial point is whether we can hold after a volume breakout at 4.46x.
📈 The three moving averages are in a solid bullish alignment, and short-term momentum is still pushing upwards.
However, the current price is significantly away from the EMA144 moving average at 0.2031.
🚨 Next, keep an eye on the defensive level at 0.2020.
We're currently in a pullback phase, so no need to blindly guess the top.
Add it to your watchlist, and let's wait for the next 30M close to reassess.
Trading plan (Long):
Entry: 0.29333 – 0.29421
Stop-loss: 0.20265
First target: 0.43045
Second target: 0.52157
Third target: 0.65824
Why this setup?
• 4.46x volume breakout confirms effective fund behavior
• Moving average support at 0.20306, break below means stop-loss, clear logic
• RSI at 72.8, momentum is still expanding
• First time above all three lines, trend confirmation for entry, stop-loss below the moving average
⚠️ N.F.A. For reference only.👇️
#BTC #ETH $BTC $ETH
Right now, the market's most crucial point is whether we can hold after a volume breakout at 4.46x.
📈 The three moving averages are in a solid bullish alignment, and short-term momentum is still pushing upwards.
However, the current price is significantly away from the EMA144 moving average at 0.2031.
🚨 Next, keep an eye on the defensive level at 0.2020.
We're currently in a pullback phase, so no need to blindly guess the top.
Add it to your watchlist, and let's wait for the next 30M close to reassess.
Trading plan (Long):
Entry: 0.29333 – 0.29421
Stop-loss: 0.20265
First target: 0.43045
Second target: 0.52157
Third target: 0.65824
Why this setup?
• 4.46x volume breakout confirms effective fund behavior
• Moving average support at 0.20306, break below means stop-loss, clear logic
• RSI at 72.8, momentum is still expanding
• First time above all three lines, trend confirmation for entry, stop-loss below the moving average
⚠️ N.F.A. For reference only.👇️
#BTC #ETH $BTC $ETH