$VELVET to $1?
Possible? Yes.
Soon? I don't think so.
The chart is still weak after dropping from $1.87 to below $0.50.
Until $0.52–$0.60 is reclaimed and held as support, every pump could just be a relief bounce.
Don't mistake a bounce for a reversal. 📉
#Velvet #VELVETSetup #VelvetUpdate
Possible? Yes.
Soon? I don't think so.
The chart is still weak after dropping from $1.87 to below $0.50.
Until $0.52–$0.60 is reclaimed and held as support, every pump could just be a relief bounce.
Don't mistake a bounce for a reversal. 📉
#Velvet #VELVETSetup #VelvetUpdate