🚀 $VELVET USDT Trade Setup | Strong Bullish Momentum 🚀
has delivered an impressive rally and is now testing a major resistance zone near 0.3780. Bulls remain in control, but volatility is expected as RSI approaches overbought levels.
🟢 LONG Setup 📍 Entry: 0.3650 – 0.3720 🎯 Target 1: 0.3850 🎯 Target 2: 0.4000 🎯 Target 3: 0.4200 🛑 Stop Loss: 0.3480
🔴 SHORT Setup (Only on confirmed rejection from resistance) 📍 Entry: 0.3770 – 0.3820 🎯 Target 1: 0.3550 🎯 Target 2: 0.3350 🎯 Target 3: 0.3150 🛑 Stop Loss: 0.3900
📊 Technical View ✅ Higher highs & higher lows structure
✅ Price riding the upper Bollinger Band
✅ Strong volume supporting the uptrend
⚠️ RSI near 80 indicates potential pullbacks before the next leg up
💡 Trade the reaction, not the prediction. Manage risk and secure profits along the way.
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