Sorry i didn't see the funding rate. long pays short that means short will agreesively sell $VELVET i don't know but if long stay in control then $VELVET defenitly hit 2$ and it not then short target is 1$ and stop loss 1.95
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Professor Of Chart By S
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Bullish $VELVET Eyes a Recovery Is $2 Back in Play?
After the sharp correction, $VELVET is showing signs of reclaiming momentum.
the next major objective is the $2.00 liquidity zone, where a large cluster of orders is waiting.
Entry: Current levels / pullbacks
Target: 2.00
Stop-Loss: 1.30
The trend isn't confirmed yet, but if momentum holds, $2 could be the next key level to watch. Manage your risk and let price action lead the way.
After the sharp correction, $VELVET is showing signs of reclaiming momentum.
the next major objective is the $2.00 liquidity zone, where a large cluster of orders is waiting.
Entry: Current levels / pullbacks
Target: 2.00
Stop-Loss: 1.30
The trend isn't confirmed yet, but if momentum holds, $2 could be the next key level to watch. Manage your risk and let price action lead the way.
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