$VELVET is printing a textbook shakeout structure right now
Entry: 0.33 – 0.36 🔻
Target: 0.60 – 0.80 💎
Stop Loss: 0.28 ❌
Folks, this is exactly how whale games look on a fresh token. After that monstrous 1,300% weekly run to a new all-time high, heavy profit-taking slammed price down roughly 80%. That kind of vertical drop is designed to make weak hands panic sell their bags right into smart money accumulation. We are now sitting directly on a critical demand zone, and the narrative isn't dead with the team actively pushing the VelvetX waitlist and new features. A reclaim of the 0.40 level would be the first real sign of a reversal, but the risk-to-reward for a swing long off this support is too clean to ignore. Keep size small and let the trade breathe.
Not financial advice. Manage your risk.