📈$VELVET USDT TECHNICAL ANALYSIS: BULLISH OUTLOOK🚀

Current Price: 0.17395 USDT

Key Levels:

* Resistance Level: 0.17673 USDT 🧱 The price is currently facing resistance at this level. A breakout above this point would be a strong bullish signal.

* Support Level: 0.17245 USDT 🛡️ This level has proven to be a solid support, acting as a floor for the price.

Trade Setup (LONG):

* Entry: Wait for a clear breakout and close above the resistance at 0.17673 USDT. A retest of this level as new support is an ideal entry.

* TP1 (Target 1): 0.18424 USDT (24h high)🎯

* SL (Stop Loss): Place your stop loss below the support level at 0.17245 USDT to protect your capital in case of a false breakout. 🛑

Risk Management:

Always use a low leverage (5x-10x) and only risk a small percentage (1-3%) of your total portfolio on a single trade. Do not chase the market; wait for your setup and stick to your plan. 🧠💰

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