$VELVET is catching a lot of attention, but I'm still seeing signs of weakness in the current market structure.
If sellers continue to control key resistance levels, the downside trend could remain intact. At the same time, a strong reclaim would challenge the bearish outlook.
For me, this is a chart worth watching closely rather than rushing into a position.
Are you seeing a continuation of the downtrend, or do you think buyers are preparing for a reversal?
#Crypto #VELVET #Trading #DYOR
If sellers continue to control key resistance levels, the downside trend could remain intact. At the same time, a strong reclaim would challenge the bearish outlook.
For me, this is a chart worth watching closely rather than rushing into a position.
Are you seeing a continuation of the downtrend, or do you think buyers are preparing for a reversal?
#Crypto #VELVET #Trading #DYOR