$VELVET experienced a significant short liquidation of $1.83K at $0.42116 on Binance, indicating that leveraged sellers were forced to close their positions. The liquidation signals strengthening bullish momentum, with buyers gaining control of the short-term trend as short-covering activity continues to fuel upward price action.
Entry: $0.417 - $0.425
SL: $0.408
TP1: $0.432
TP2: $0.448
TP3: $0.468
TP4: $0.495
Momentum remains positive, and the liquidation event may accelerate upside volatility as additional short positions come under pressure. If price holds above the $0.415 support zone, further gains remain possible.
Buy and Trade $VELVET
Entry: $0.417 - $0.425
SL: $0.408
TP1: $0.432
TP2: $0.448
TP3: $0.468
TP4: $0.495
Momentum remains positive, and the liquidation event may accelerate upside volatility as additional short positions come under pressure. If price holds above the $0.415 support zone, further gains remain possible.
Buy and Trade $VELVET