$SPCX continues to trade within a strong bullish structure while holding above key support levels. Price is consolidating just below a major resistance zone, and a confirmed breakout could open the door for further upside. As long as buyers defend the current support area, the bullish outlook remains valid.
🟢 Entry Zone: 175.50 – 176.50
🎯 Target 1: 183.80
🎯 Target 2: 189.80
🛑 Stop Loss: 171.80 (A 1H candle close below this level invalidates the setup.)
📊 Technical Outlook • ✅ Bullish market structure remains intact. • ✅ Higher lows continue to form, indicating buyer strength. • ✅ Momentum is gradually improving. • ✅ A breakout above resistance with strong volume could confirm continuation.
⚠️ Risk Management
Always wait for confirmation before entering a position and manage your risk carefully. Never risk more than you can afford to lose.
After the rejection from the 1.84 resistance zone, $VELVET is showing signs of weakening momentum on the 1-hour timeframe. A break below the local support area could trigger a deeper correction.
As long as the price remains below the recent high, the downside scenario remains valid. A breakdown below the 1.66 support area could increase selling pressure and accelerate the move toward lower targets.
⚠️ Always use proper risk management and position sizing when trading leveraged products.
This is not financial advice. Please do your own research.
Recent declines across the crypto market are driven by several key factors:
🔹 Higher interest rate expectations are reducing risk appetite. 🔹 Large leveraged long positions are being liquidated. 🔹 Capital is temporarily rotating into traditional markets. 🔹 Increased selling pressure from large holders (whales).
This isn’t a Binance issue — it’s a broader market correction driven by macro conditions and liquidity shifts. Stay patient and manage risk wisely.