🚀 $VELVET is testing a crucial support zone — will a recovery wave begin?
After a sharp downturn, $VELVET is showing signs of stability near the 0.42 – 0.43 zone, where buyers have returned to defend the current prices and momentum is gradually improving.
📈 LONG setup on $VELVET
🟢 Entry zone: 0.43 – 0.45
🛑 Stop loss: 0.38
🎯 Profit targets:
• TP1: 0.48
• TP2: 0.54
• TP3: 0.63
⚡ Technical outlook:
• Clear buying demand has emerged near the current support zone.
• The bearish momentum is slowing down and there's a gradual improvement in the price structure.
• Holding the 0.42 – 0.43 zone could form a base for a stronger recovery launch.
• A breakout of nearby resistances could accelerate the move towards higher targets.
📊 Markets often build the best recovery opportunities when fear is at its peak. If buyers continue to defend this area, it could mark the beginning of a gradual recovery phase in the uptrend.
🔥 Support is under test, and momentum is improving candlestick by candlestick. Could this be the turning point that $VELVET holders have been waiting for? 👀📈🚀
After a sharp downturn, $VELVET is showing signs of stability near the 0.42 – 0.43 zone, where buyers have returned to defend the current prices and momentum is gradually improving.
📈 LONG setup on $VELVET
🟢 Entry zone: 0.43 – 0.45
🛑 Stop loss: 0.38
🎯 Profit targets:
• TP1: 0.48
• TP2: 0.54
• TP3: 0.63
⚡ Technical outlook:
• Clear buying demand has emerged near the current support zone.
• The bearish momentum is slowing down and there's a gradual improvement in the price structure.
• Holding the 0.42 – 0.43 zone could form a base for a stronger recovery launch.
• A breakout of nearby resistances could accelerate the move towards higher targets.
📊 Markets often build the best recovery opportunities when fear is at its peak. If buyers continue to defend this area, it could mark the beginning of a gradual recovery phase in the uptrend.
🔥 Support is under test, and momentum is improving candlestick by candlestick. Could this be the turning point that $VELVET holders have been waiting for? 👀📈🚀