The structure is bullish and the control is with the buyers.
🚀 VELVET / USDT PERP – Technical Breakout Analysis
📈 Technical Situation:
$VELVET shows a strong bullish structure on small and medium timeframes, with higher lows confirming continued buyer interest and trend strength.
🔑 The price successfully broke through a key resistance and then entered a healthy consolidation, which is often a launchpad for the next impulsive move.
📊 Volume expansion with rising candles supports the continuation scenario.
✅ As long as the price maintains trading above the key support area, the structure remains bullish and the control is with the buyers.
📌 Bullish Scenario:
🎯 TP1: 0.1500
🎯 TP2: 0.1540
🎯 TP3: 0.1600
🛑 Stop Loss: 0.1390
⚠️ Risk Management:
Risk a small percentage of capital
Use an appropriate trade size
Gradually move the stop loss as targets are met to protect profits
#VELVET #MarketRebound #BTC100kNext #WriteToEarnUpgrade #cryptotrading $VELVET