$VELVET STRETCHED AFTER THE RALLY – LIQUIDITY LURKS AT $1.00 🎯
Late longs are chasing above $1.20, but the move looks overextended on the shorter timeframes. The thicker bid sits back near $1.00 where I'd expect a sweep if price fails to consolidate.
Volume is already starting to taper on this push higher — that's the first sign of exhaustion. If $1.20 doesn't hold as support, the path of least resistance points down.
Are you fading this breakout or waiting for the drop to $1.00?
Not financial advice. Always manage your risk.
#VELVET #Crypto #Altcoins #SweepSetup #TradeSetups
🔥
Late longs are chasing above $1.20, but the move looks overextended on the shorter timeframes. The thicker bid sits back near $1.00 where I'd expect a sweep if price fails to consolidate.
Volume is already starting to taper on this push higher — that's the first sign of exhaustion. If $1.20 doesn't hold as support, the path of least resistance points down.
Are you fading this breakout or waiting for the drop to $1.00?
Not financial advice. Always manage your risk.
#VELVET #Crypto #Altcoins #SweepSetup #TradeSetups
🔥