$VELVET 🎆 VELVET/USDT – Velvet Explosion or Velvet Trap? 💣
🔥 Price: $0.06994
🚀 24H Pump: +56.15%
🧨 Chart Says: “Lift-Off Achieved!”
But wait… is this the beginning of a moon mission, or a rocket running out of fuel?
---
📊 1H Technical Highlights
✅ EMA7 ($0.0629) > EMA25 ($0.0528) > EMA99 ($0.0491) – Strong momentum!
✅ MACD Explosion: Histogram bars exploding vertically ☄️
✅ RSI: 80 — Approaching extreme overbought territory
✅ Stochastic RSI: 90+ — Peak zone. Be cautious 🧠
✅ OBV surging — Volume confirms this move is no joke 📈
✅ L/S Ratio: 1.01 (50.17% Long | 49.83% Short) — Traders are split. 👀
✅ OI at ATH – Open Interest rapidly increasing = fresh capital entering
---
🧠 TRADING PLAN STRATEGY
---
🟩 LONG SETUP – "Buy the Calm After the Storm"
Wait for consolidation — don't chase green candles blindly!
📌 Entry Zone: $0.06500–$0.06700
🎯 Targets:
• TP1 – $0.07200
• TP2 – $0.07650 (Previous high)
• TP3 – $0.08000+ (Blue sky breakout zone)
🔒 Stop-loss: $0.06100 (below consolidation box and EMA-7)
💡 Tip: Enter only on volume confirmation or bullish engulfing candle during retrace.
---
🟥 SHORT SETUP – “Fade the Euphoria”
Perfect setup if price stalls at resistance and indicators flip bearish
📌 Entry Zone: $0.07500–$0.07700 (double top zone)
🎯 Targets:
• TP1 – $0.06800
• TP2 – $0.06350
• TP3 – $0.06000 (EMA support base)
🔒 Stop-loss: $0.07850
💡 Tip: Look for signs of RSI divergence, dying volume, or rejection wicks.
---
⚠️ VELVET is thinly traded – be quick, sharp, and emotionally detached. Don't let FOMO or panic ruin a perfectly good trade plan.
---
🧠 FINAL THOUGHTS
This could be a microcap breakout star… or a liquidity trap in disguise.
Let the chart, not your emotions, lead the trade. Be tactical, not hopeful.
