🚀 $VELVET DEFENDS THE FLOOR! BOUNCE CONFIRMED? 🚀
The orange support floor at 1.5447 held perfectly! After the intense flush out, the 1-hour chart for VELVETUSDT.P shows the bulls successfully stepped in, sparking a solid recovery bounce.
📊 The Updated Levels:
Current Price: 1.6308
The Shift: Price has officially broken back above the 1H EMA 5 (1.6134), flashing early signs of a bullish reversal.
Next Hurdle: The immediate overhead resistance sits at the red horizontal line of 1.7579.
The panic selling has cooled off, and the structure is stabilizing. Are you riding this bounce back toward the local highs, or do you think it's a dead cat bounce? Drop your outlook below! 👇
#Velvet #VELVETUSDT #cryptotrading #TechnicalAnalysis #CryptoBounce
$TAC
The orange support floor at 1.5447 held perfectly! After the intense flush out, the 1-hour chart for VELVETUSDT.P shows the bulls successfully stepped in, sparking a solid recovery bounce.
📊 The Updated Levels:
Current Price: 1.6308
The Shift: Price has officially broken back above the 1H EMA 5 (1.6134), flashing early signs of a bullish reversal.
Next Hurdle: The immediate overhead resistance sits at the red horizontal line of 1.7579.
The panic selling has cooled off, and the structure is stabilizing. Are you riding this bounce back toward the local highs, or do you think it's a dead cat bounce? Drop your outlook below! 👇
#Velvet #VELVETUSDT #cryptotrading #TechnicalAnalysis #CryptoBounce
$TAC