$VELVET is trading in a tight compression phase around 0.4360 - 0.4370, trying to digest the severe flash crash that swept liquidity down to the 0.2589 low.
The price remains trapped in a consolidation with dried-up volume on lower timeframes (15M - 1M). Although it seeks to stabilize after the collapse, the 4H chart structure remains dominated by supply, trading well below the MA99 (0.8272).
📊 Technical outlook for the upcoming hours:
🔴 Bearish Scenario / Continuation (Higher probability ~65%): The lack of aggressive demand on the bounce reflects fragility. If the price loses the local moving average support at 0.4260, it will increase the risk of re-testing the 0.3817 zone and hunting for deep liquidity once again.
🟢 Bullish Scenario / Reversion (~35%): To invalidate the weak structure, buyers must absorb supply with volume and push the price above the local resistance of 0.4550, opening the path toward 0.4944 (4H MA25).
⚠️ Inefficiency Alert: The previous wick evidences a severe lack of liquidity in the order book. In this type of environment, the risk of slippage is high. Strict risk management and reduced position sizing are mandatory.
Are you waiting for a confirmation outside the 0.4260 - 0.4550 range, or do you prefer to stay on the sidelines until liquidity returns to the book? Drop your plan below! 👇
$VELVET #CryptoTrading #BİNANCEFUTURES #PriceAction #TechnicalAnalysis