$VELVET is showing a clean short-term recovery after defending the $0.0768 support zone. The bounce came with expansion in momentum, suggesting buyers are actively stepping in rather than a weak relief rally. With price now stabilizing above $0.078, structure is slowly shifting from lower highs to higher lows on the lower timeframes — a constructive sign for continuation.
Liquidity at $1.08M relative to a $29.98M market cap indicates moderate depth. That means momentum can expand quickly, but volatility can also increase if volume fades. So this setup is momentum-dependent — continuation requires sustained buying pressure.
📈 LONG Setup Overview
Entry Zone: $0.0785 – $0.0795
Stop Loss: $0.0765
Take Profit Targets:
🎯 T1: $0.082
🎯 T2: $0.084
🎯 T3: $0.087
🔍 Technical Outlook
Holding above $0.0765 keeps the higher-low structure intact.
Break and hold above $0.082 opens the path toward $0.084–$0.087.
Rejection near $0.082 with declining volume could signal short-term consolidation instead of breakout.
⚠️ Risk Notes
This is a short-term momentum trade, not a long-term accumulation zone.
Watch for volume confirmation on breakout — weak volume increases fakeout risk.
If $0.0765 breaks decisively, bullish structure invalidates and downside liquidity may get tapped.
If buyers maintain pressure and the structure continues printing higher lows, the move toward $0.087 remains technically valid.
Trade smart. Manage risk. 📊