$VELVET shows a strong rebound from the bottom
Trade Setup: Long Position
VELVET is showing a strong bullish recovery after finding support around $0.30. Buyers have stepped in aggressively, driving the price up and creating a clear breakout from the recent consolidation zone.
Entry Zone: $0.38 – $0.40
Target 1: $0.43
Target 2: $0.48
Target 3: $0.55
Stop Loss: Below $0.34
The recent movement indicates increasing buying pressure, with prices making higher lows and higher highs. As long as VELVET stays above the breakout zone, the bullish momentum could continue towards the next resistance levels.
The trend is turning positive, and this setup offers a solid risk-to-reward ratio for a long trade.
Buy and trade from hereeeeeee
$VELVET
Trade Setup: Long Position
VELVET is showing a strong bullish recovery after finding support around $0.30. Buyers have stepped in aggressively, driving the price up and creating a clear breakout from the recent consolidation zone.
Entry Zone: $0.38 – $0.40
Target 1: $0.43
Target 2: $0.48
Target 3: $0.55
Stop Loss: Below $0.34
The recent movement indicates increasing buying pressure, with prices making higher lows and higher highs. As long as VELVET stays above the breakout zone, the bullish momentum could continue towards the next resistance levels.
The trend is turning positive, and this setup offers a solid risk-to-reward ratio for a long trade.
Buy and trade from hereeeeeee
$VELVET