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$VELVET Deep oversold, selling pressure significantly weakened, reversal signals emerging.
Capture the rebound opportunity, go long immediately $VELVET
Entry: 0.0750 – 0.0775
Stop loss: 0.0735
Target 1: 0.0850
Target 2: 0.1000
Target 3: 0.1080
The price touches the lower Bollinger Band, RSI enters the deep oversold zone, indicating that the bearish momentum has been excessively released. At the same time, the MACD shows a golden cross, and the decline is accompanied by decreasing volume, suggesting that selling pressure is waning, and potential buying power is brewing. Although the overall trend remains downward, this extreme technical oversold condition often signals a short-term rebound. Once buying interest begins to pick up, the price is likely to quickly return to the short-term moving average center area.
The $VELVET trading opportunity is here 👇