$VELVET /USDT 4H Trade Setup:
📊 Market Insight:
$VELVET is currently trading at $0.07806, up +20.26% in the last 24h. After rallying from a low of $0.065, the pair is consolidating below resistance at $0.09112. While SAR has flipped bearish, the price is holding above key support, suggesting a potential continuation if buyers return.
📥 Entry Zone:
$0.072 – $0.078
This zone includes the mid-range of the recent pump and aligns with short-term support.
🎯 Targets:
$0.086 – Minor resistance below SAR
$0.091 – Recent local high
$0.096 – Extension target based on Fibonacci from $0.065 swing low
🛑 Stop Loss:
$0.069
Below demand zone and recent low before breakout.
🔑 Key Levels:
Support: $0.072 / $0.069 / $0.065
Resistance: $0.086 / $0.091 / $0.096
Pivot Zone: $0.078
💡 Pro Tip:
Don’t chase the breakout — wait for a retest of support or a 4H candle close above $0.086 with volume. If it fails to hold $0.072, momentum could sharply fade due to overextension.
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