$VELVET – Selling is stretched. If this level holds, bounce can snap hard.

Long $VELVET

Entry: 0.0775 – 0.0790

SL: 0.0745

TP1: 0.0830

TP2: 0.0880

TP3: 0.0950

The dip didn’t get continuation and bids stepped in quickly, which looks more like absorption than distribution. Buyers are still defending structure well and downside momentum failed to expand. As long as this area holds, continuation higher remains the cleaner path.

Trade $VELVET here 👇

VELVETUSDT

Perp

0.07868

-15.31%