$VELVET USDT Trade Setup (High Risk)

The chart shows a parabolic rally (+127% in 24h) with extremely high volume. Such moves are often followed by either another short squeeze or a sharp correction.

Key Levels

Resistance 1: $1.48–1.50

Resistance 2: $1.70

Major Resistance: $1.92 (previous high)

Support 1: $1.25

Support 2: $1.05

Strong Support: $0.80

Long Trade (Safer)

✅ Wait for a pullback near $1.22–1.28 and buy only if support holds.

Entry: $1.22–1.28

Targets:

TP1: $1.48

TP2: $1.70

TP3: $1.90

Stop Loss: $1.00

Breakout Trade

If a 1H candle closes above $1.50 with strong volume:

Entry: Above $1.50

Targets: $1.70 → $1.92 → $2.20

Stop Loss: $1.35

Short Trade (Aggressive)

If price gets rejected from $1.48–1.50:

Entry: $1.45–1.50

Targets: $1.25 → $1.05

Stop Loss: $1.60

Recommendation

At current price ($1.41), I would avoid FOMO buying because the coin has already moved over 100% in one day. The better risk/reward is:

1. Buy on a pullback to $1.25 area, or

2. Wait for a confirmed breakout above $1.50.

Use low leverage (3x–5x maximum) because volatility is extremely high and liquidations can happen quickly.
#VELVETUSDT #Velvet