🚀 $VELVET / USDT Recovery Bounce Setup

$VELVET is showing signs of seller exhaustion, with strong bids stepping in after the dip. Price is stabilizing near support and downside momentum is fading — indicating potential for a sharp relief bounce if the current level holds.

Trade Plan (Long / Buy):

🟩 Entry Zone: 0.0775 – 0.0790

🛑 Stop Loss: 0.0745

🎯 TP1: 0.0830

🎯 TP2: 0.0880

🎯 TP3: 0.0950

Why this setup:

✅ Selling pressure looks stretched — bounce probability rising

✅ Quick buyer absorption after dip

✅ Structure holding with strong defense near support

✅ Downside momentum weakening — upside continuation possible

⚡ Manage risk carefully and watch for confirmation above entry zone for stronger continuation.

#VELVET #CryptoTrading #Momentum #Recovery 🚀

VELVETUSDT

Perp

0.07833

-17.32%