$VELVET is holding firmly above a key support zone after an extended correction, indicating that sellers are losing momentum. The current consolidation suggests buyers are gradually accumulating, increasing the probability of a bullish breakout.
A confirmed move above the 0.50 resistance with strong volume could open the path toward the next upside targets.
📊 Trade Setup
Entry: 0.4899 – 0.4979
Stop Loss: 0.4557
🎯 TP1: 0.5226
🎯 TP2: 0.5417
🎯 TP3: 0.5704 🚀
📈 Market Outlook
✅ Strong support holding
✅ Volume starting to improve
✅ Buyers showing accumulation
✅ Bullish breakout possible above resistance
⚠️ Risk: A break below 0.4557 would invalidate this bullish setup.
A confirmed move above the 0.50 resistance with strong volume could open the path toward the next upside targets.
📊 Trade Setup
Entry: 0.4899 – 0.4979
Stop Loss: 0.4557
🎯 TP1: 0.5226
🎯 TP2: 0.5417
🎯 TP3: 0.5704 🚀
📈 Market Outlook
✅ Strong support holding
✅ Volume starting to improve
✅ Buyers showing accumulation
✅ Bullish breakout possible above resistance
⚠️ Risk: A break below 0.4557 would invalidate this bullish setup.