🚀 $VELVET Cooling After Rally – Continuation Depends on Structure
$VELVET made a strong impulsive move from lows, and now entering a healthy consolidation phase after rejection near highs. This is typical after a high-volume push.
Trade Setup:
VELVETUSDT
Perp
0.11708
-6.01%
📥 Entry: 0.1110 – 0.1160
🛑 SL: 0.1050
🎯 TP1: 0.1275
🎯 TP2: 0.1350
🎯 TP3: 0.1450
Market Insight: • Trend: Bullish
• Structure: Rally → Rejection → Consolidation
• Behavior: Profit-taking, not full reversal
⚠️ Best approach: wait for pullback entries or a clean breakout above 0.1275 with volume.