$VELVET – Bullish Structure Intact Despite Pullback From Highs
VELVET
Alpha
0.3943
-4.14%
is trading around $0.516 after a strong +34% rally, showing that buyers remain in control despite a sharp rejection from the $0.64 area. The token has already delivered a powerful expansion move from the $0.35 region, and the current pullback appears more like profit-taking than a trend reversal. As long as price holds above the $0.47–0.48 support zone, the bullish structure remains intact and another attempt toward $0.60–0.65 is possible. A break below $0.47, however, could trigger a deeper correction toward $0.41.
Trade Setup: Entry $0.50–0.52, TP $0.60 / $0.65, SL $0.465