$VELVET BUYERS ARE DEFENDING KEY SUPPORT FOR A POSSIBLE LEG UP 🚀
Entry: 1.68 🔥
Target: 1.85 🚀
Stop Loss: 1.58 ⚠️
Price tested the 1.60–1.70 demand zone after a sharp rejection and is now holding above the entry area. The daily RSI is showing a bullish divergence from oversold levels, a pattern that preceded the last 30% rally.
Volume is declining on dips, suggesting selling pressure is fading. If buyers maintain this footprint, a push toward the previous swing high at 2.18 becomes a high-probability path. Are you scaling in here or waiting for confirmation?
Not financial advice. Always manage your risk.
#VELVET #LongSetup #Breakout #Crypto #SwingTrade
🎯
Entry: 1.68 🔥
Target: 1.85 🚀
Stop Loss: 1.58 ⚠️
Price tested the 1.60–1.70 demand zone after a sharp rejection and is now holding above the entry area. The daily RSI is showing a bullish divergence from oversold levels, a pattern that preceded the last 30% rally.
Volume is declining on dips, suggesting selling pressure is fading. If buyers maintain this footprint, a push toward the previous swing high at 2.18 becomes a high-probability path. Are you scaling in here or waiting for confirmation?
Not financial advice. Always manage your risk.
#VELVET #LongSetup #Breakout #Crypto #SwingTrade
🎯