$VELVET
The short liquidation of $5.2837K at $1.65892 shows sellers were squeezed as price broke above a key liquidity zone. This reflects growing bullish pressure, with buyers taking control after clearing short positions.
EP: $1.6600
TP1: $1.6950
TP2: $1.7450
TP3: $1.8100
SL: $1.6100
Price is holding above the reclaimed level, keeping the short-term structure constructive. Momentum is strengthening as buyers continue to absorb selling pressure. If $1.6580 holds as support, price is likely to extend toward the next resistance and liquidity zones.
$VELVET
The short liquidation of $5.2837K at $1.65892 shows sellers were squeezed as price broke above a key liquidity zone. This reflects growing bullish pressure, with buyers taking control after clearing short positions.
EP: $1.6600
TP1: $1.6950
TP2: $1.7450
TP3: $1.8100
SL: $1.6100
Price is holding above the reclaimed level, keeping the short-term structure constructive. Momentum is strengthening as buyers continue to absorb selling pressure. If $1.6580 holds as support, price is likely to extend toward the next resistance and liquidity zones.
$VELVET