$VELVET PLUNGED 70% — ARE YOU WATCHING FOR THE BOUNCE 💎
Sharp drawdowns of this magnitude often cluster at structural supports. VELVET's -69.85% drop shows a clear capitulation candle — the kind that precedes a liquidity sweep below recent lows before any meaningful reversal. Historically, moves this extreme retrace 30-40% before continuation.
This is not a buy signal yet, but it belongs on your watchlist. Patience is key while price seeks a confirmed order block or demand zone. What level are you eyeing for a potential entry?
Not financial advice. Always manage your risk.
#VELVET #Capitulation #ReversalSetup #AltcoinDump 💎