$VELVET – The selling pressure has been extended. If this price point remains unchanged, a significant rebound may occur.

Long position on $VELVET

Entry: 0.07755 – 0.07911

Stop Loss: 0.07444

Take Profit 1: 0.08333

Take Profit 2: 0.08888

Take Profit 3: 0.09511

The decline did not lead to further movement, and buyers quickly entered, indicating more absorption than distribution.

The buy side is still effectively supporting the structure, and downward pressure has not intensified.

If this range holds, an upward move seems like the easier option.

Trade $VELVET here 👇

VELVET

Alpha

0.077825

-16.50%