Yo $VELVET

VELVETBSC
VELVETUSDT
0.3385
-34.72%

has been absolutely on fire for days now

It went from 0.08 all the way up to 1.05

That's over 1200 percent gain

Let that sink in for a moment

EMA 100 is at 0.688 and EMA 200 at 0.559 both are rising hard

That means the trend is still up and pulling back would be healthy

MACD is positive at 0.00443 and still holding strong

Volume is decent which tells me this move has real buyers

The key level to watch is 0.68

If price holds above 0.68 the uptrend remains intact

If it breaks below 0.68 then we can talk about a short

But until that break happens don't even think about shorting

The best long entry on a pullback is between 0.75 and 0.80

First target is 0.95 then 1.10

Stop loss below 0.68

This coin has been a rocket and rockets don't reverse overnight