$VELVET absolutely nuked after the rejection from $1.92. A lot of late buyers got trapped chasing the move.

Right now the chart is trying to build a base around $0.35-$0.37. This is not a chart to blindly long. Let it prove strength first.

Support: $0.35-$0.32

Targets (if recovery starts):

1. $0.45

2. $0.58

3. $0.75

After a 77% drop, patience is more important than FOMO. Wait for confirmation before considering any entry.

Always manage your risk and DYOR.