$VELVET You have just wiped out liquidity on both sides.
First, the price dropped to around $0.5236, sweeping down liquidity, then it immediately exploded upward to about $0.9051 after breaking above the highs.
This is a classic move to hunt liquidity from both sides with extreme volatility.
Now the price is sitting near $0.87, so chasing this kind of move is risky. The next key question is whether VELVET can hold above the $0.84–$0.85 zone.
If that zone holds, the bulls can attempt an additional push toward $0.90+.
If it’s lost, a deeper retracement could come quickly.
Both sides were hunted. And now the next clear structure will determine the true direction.
#VELVET_BECOME_TO_MOON #Velvet
First, the price dropped to around $0.5236, sweeping down liquidity, then it immediately exploded upward to about $0.9051 after breaking above the highs.
This is a classic move to hunt liquidity from both sides with extreme volatility.
Now the price is sitting near $0.87, so chasing this kind of move is risky. The next key question is whether VELVET can hold above the $0.84–$0.85 zone.
If that zone holds, the bulls can attempt an additional push toward $0.90+.
If it’s lost, a deeper retracement could come quickly.
Both sides were hunted. And now the next clear structure will determine the true direction.
#VELVET_BECOME_TO_MOON #Velvet
