$VELVET is showing aggressive bullish momentum on the 1H timeframe, printing a strong breakout from the 0.071 accumulation zone and tapping 0.084 highs with expanding volume. Price structure reflects higher highs and higher lows, confirming short-term trend reversal.
Market insight suggests buyers are defending 0.080–0.078 as intraday support while volatility remains elevated.
Trade plan favors pullback entries near 0.080–0.079 with risk defined below 0.077.
Immediate resistance stands around 0.084–0.085; a clean break can extend momentum leg.
TG1: 0.0845
TG2: 0.0880
TG3: 0.0920
Sustained volume above average may accelerate upside continuation, while loss of 0.078 weakens bullish structure.