🔴 $VELVET – Shakeout Phase Ending
$VELVET saw long liquidation at $0.16419. This is a textbook shakeout. When price aggressively pushes into a support level and immediately stabilizes, it usually signals the end of downside pressure.
Entry Zone (EP): $0.158 – $0.166
Take Profit (TP): $0.182 → $0.201 → $0.235
Stop Loss (SL): $0.148
If price reclaims $0.17 with volume, momentum will accelerate quickly.
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VELVETUSDT
Perp
0.16434
-11.61%