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Market explained
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💎 $VELVET — 6 Months of Pain… Setup Loading? 👀
Everyone gave up on this one.
That's usually when things get interesting. 📈
Here's what the chart is telling me:
📉 6-month descending channel
📍 Just bounced from channel BOTTOM
💰 Current: $0.101
🔴 Key resistance: $0.120–$0.130 (upper channel line)
Two scenarios playing out right now:
🟢 Bull case:
Break above $0.130 = channel broken
→ Targets: $0.180 → $0.220
→ That's a potential 2x from here
🔴 Bear case:
Rejected at upper trendline
→ Back to $0.085–$0.090 support
→ Channel continues
The boring ones surprise you the most. ⏳
Watching or already in? Drop it below 👇
Follow for real-time updates. DYOR.
#VELVET📈
Everyone gave up on this one.
That's usually when things get interesting. 📈
Here's what the chart is telling me:
📉 6-month descending channel
📍 Just bounced from channel BOTTOM
💰 Current: $0.101
🔴 Key resistance: $0.120–$0.130 (upper channel line)
Two scenarios playing out right now:
🟢 Bull case:
Break above $0.130 = channel broken
→ Targets: $0.180 → $0.220
→ That's a potential 2x from here
🔴 Bear case:
Rejected at upper trendline
→ Back to $0.085–$0.090 support
→ Channel continues
The boring ones surprise you the most. ⏳
Watching or already in? Drop it below 👇
Follow for real-time updates. DYOR.
#VELVET📈
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