$VELVET SHORTS ARE BURNING - TARGET $2 IN SIGHT 🔥
Target: $2 🚀
This is exactly what I watch for — heavy short buildup getting liquidated as momentum flips. $VELVET just rejected the last resistance and reclaimed it with increasing volume on the 4H. The shorts that piled in below are trapped, and the next logical magnet is the $2 psychological level.
The structure looks clean and the bid support is holding firm. Are you positioning for the next leg up or waiting on the sidelines?
Not financial advice. Always manage your risk.
#VELVET #ShortSqueeze #Breakout #Crypto
🔥
Target: $2 🚀
This is exactly what I watch for — heavy short buildup getting liquidated as momentum flips. $VELVET just rejected the last resistance and reclaimed it with increasing volume on the 4H. The shorts that piled in below are trapped, and the next logical magnet is the $2 psychological level.
The structure looks clean and the bid support is holding firm. Are you positioning for the next leg up or waiting on the sidelines?
Not financial advice. Always manage your risk.
#VELVET #ShortSqueeze #Breakout #Crypto
🔥