Everyone is chasing the candle on $VELVET /USDT — I'm more interested in whether buyers can defend the breakout after a 27% expansion.
$VELVET /USDT – LONG
Trade Plan
Entry: $0.3200 – $0.3350
SL: $0.2980
TP1: $0.3600
TP2: $0.3979
TP3: $0.4500
Why This Setup?
4H Structure: Price is printing higher highs and higher lows while trading above MA(7), MA(25), and MA(99), confirming a strong bullish trend.
Price Positioning: Even after a sharp move higher, buyers continue defending the breakout area instead of allowing a deeper correction.
Daily Context: The market has transitioned from accumulation into expansion. Holding above $0.30 keeps the bullish structure intact.
Volume Behavior: Strong participation during the rally suggests genuine demand rather than a short-lived spike.
Momentum Analysis: As long as price remains above MA(7), momentum favors continuation toward fresh liquidity above the recent high.
Debate:
Is $VELVET preparing for another breakout beyond $0.40...
Or will profit-taking trigger a deeper reset first?
Click Trade Here 👇
