$VELVET IS OUTPERFORMING WITH DOUBLE-DIGIT GAINS AND RISING PARTICIPATION 🔥
Entry: N/A (not provided)
Target: N/A
Stop Loss: N/A
Velvet just posted a 10.89% daily gain with volume climbing to 49.60K and Open Interest hitting 289.63K — that’s a clear uptick in commitment from traders. The momentum is real, but the question is whether this is the start of a sustained push or just a local top.
Open Interest expanding alongside price suggests fresh capital entering, not just short covering. If the bid holds above the $0.53 area, the structure favors continuation. If it fails, expect a retrace to prior liquidity levels.
Are you riding this momentum with a tight trailing stop or waiting for a dip?
Not financial advice. Always manage your risk.
#VELVET #Altcoin #Bullish #Crypto #Momentum 🔥