🚀 $VELVET +29.48% Pump! Dead Cat Bounce or Reversal? 📈🔥
$VELVET is bouncing back hard today, currently trading at 0.5227! After crashing from 2.17 down to 0.3920, the bulls are attempting a recovery.
Here is the quick breakdown:
The Bounce: Up +29.48% today, recovering right out of the deeply oversold RSI territory (RSI at 32.70). 📊
Resistance Ahead: Still trading well below the EMA(50) at 0.9165, which is the key level to break.
The Big Picture: Down -23.88% this week, but still holding an insane +399.95% gain over the last 30 days!
Is this a trap or the perfect time to buy the dip? 🐋
👇 Drop your strategy below! Are you Long or Short?
#Velvet #cryptotrading
$VELVET is bouncing back hard today, currently trading at 0.5227! After crashing from 2.17 down to 0.3920, the bulls are attempting a recovery.
Here is the quick breakdown:
The Bounce: Up +29.48% today, recovering right out of the deeply oversold RSI territory (RSI at 32.70). 📊
Resistance Ahead: Still trading well below the EMA(50) at 0.9165, which is the key level to break.
The Big Picture: Down -23.88% this week, but still holding an insane +399.95% gain over the last 30 days!
Is this a trap or the perfect time to buy the dip? 🐋
👇 Drop your strategy below! Are you Long or Short?
#Velvet #cryptotrading