$VELVET USDT $VELVET USDT STRONG PARABOLIC RALLY — OVEREXTENDED BUT STILL CONTROLLED BULLISH STRUCTURE 🚀📈
VELVETUSDT has delivered a powerful +57% surge, pushing price from lower accumulation into a sharp impulsive rally toward the 0.184–0.185 resistance zone. The structure remains bullish, but current price action shows early signs of exhaustion as price struggles to break and hold above recent highs. Volume remains elevated, meaning momentum is still active, but short-term consolidation or a minor pullback is likely before any continuation move.
As long as price holds above the 0.165–0.170 support zone, the bullish trend remains intact. A clean breakout above 0.185 would confirm continuation into the next liquidity expansion phas
Trade Setup:
Position: Long (Trend continuation / buy on dips)
Entry Zone: 0.168 – 0.178 (pullback accumulation zone)
Take Profit (TP):
TP1: 0.185
TP2: 0.195
TP3: 0.210
TP4: 0.230
Stop Loss (SL): 0.155 (below structural support & trend invalidation)
Market Outlook: VELVETUSDT is in a strong bullish expansion phase but currently stretched after a vertical move. Healthy consolidation or retest of support would strengthen the next upward leg. Failure to hold 0.165 support could trigger a deeper correction toward prior breakout zones.