$VELVET – Sellers exhausted, base forming

Long $VELVET

Entry: 0.095–0.100

SL: 0.090

TP1: 0.112

TP2: 0.126

TP3: 0.145

The dip didn’t get continuation and bids stepped in quickly, which looks more like absorption than distribution. Downside momentum failed to expand and sellers aren’t getting follow-through. As long as this area holds, continuation higher remains the cleaner path.

Trade $VELVET here 👇

VELVETUSDT

Perp

0.08155

-12.79%