$VELVET / USDT BULLISH REVERSAL SETUP
VELVET is showing signs of a potential upward reversal after a sharp downtrend.
The chart structure and recent indicators suggest momentum is shifting in favor of buyers.
🔹 Bullish Signals:
MA & EMA across multiple timeframes are signaling Buy, showing strong alignment.
MACD has formed a Golden Cross, confirming emerging bullish momentum.
Entry Level: 0.1020 – 0.1040
Take Profit Targets:
TP1 ➝ $0.1055 (Central Pivot)
TP2 ➝ $0.1079 (R1 Breakout Level)
TP3 ➝ $0.1119
TP4 ➝ $0.1283 (Higher momentum target)
Stop Loss (SL): 0.0985
If momentum continues and resistance breaks cleanly, upside continuation is likely.
Trade smart, follow confirmation, and manage your risk
VELVETUSDT
Perp
0.07818
-15.97%