$VELVET is trading inside a tight and well-defined range, hovering around the psychological $0.20 level. Price has repeatedly dipped toward the $0.193–$0.195 zone and bounced back quickly, which shows buyers are actively defending this area. This kind of price behavior usually signals accumulation rather than weakness.
The structure is clean. No panic selling, no heavy breakdowns. Just controlled candles and repeated liquidity sweeps on both sides. That often comes before a directional move.
Entry Price (EP): $0.1980 – $0.2010
Take Profit (TP): $0.2065 → $0.2140 → $0.2250
Stop Loss (SL): $0.1918
As long as $VELVET holds above $0.195, the bullish scenario stays valid. A strong hourly close above $0.203 can trigger momentum traders and push price toward the upper targets quickly. This is a patience setup, not a chase trade.
Trade the level, respect the stop, and let the move develop.
VELVETUSDT
Perp
0.19984
+1.25%