↳ The setup is based on the visible 4H recovery structure and recent buying pressure. A sustained move above the entry area would keep the continuation setup active.
After a massive 4H surge, VELVET is showing a sharp rejection from the 0.090–0.095 area. The pullback has brought price back toward 0.079, opening a possible retracement setup.
Entry Zone → 0.0790–0.0810 TP1 → 0.0750 TP2 → 0.0710 TP3 → 0.0660 Stop Loss → 0.0850
↳ The long upper wick and strong red 4H candle show rejection after the sharp move. A break below 0.0750 would strengthen the downside continuation structure.
A massive $49.149K short just got liquidated at $0.0068 on Binance — the heaviest squeeze on the tape, and forced buying of that size leaves a deep footprint.
The $49.149K squeeze at $0.0068 shows aggressive buying pressure stepping in, and if ATH holds this reclaimed zone, bullish momentum can drive a continuation setup higher.
The $5.9485K squeeze at $1.99454 shows aggressive buying pressure stepping in, and if RENDER holds this reclaimed level, a breakout structure can develop.
A heavy $11.488K long just got liquidated at $6.54568 on Binance — the largest flush on this tape, and forced selling of that size leaves a deep footprint.
The $11.488K flush at $6.54568 shows longs getting crushed, and if COPPER can't reclaim this level, bearish pressure can drive the continuation setup lower.
That flush at $0.06012 signals bearish pressure stepping in, and if MAGIC can't reclaim this zone, the continuation setup to the downside remains valid.