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$VELVET shows a strong upward trend continuation as the breakout momentum remains stable. After the accumulation phase, the price has surged with clear buying pressure, indicating that the bulls are still in control of the market.
Currently, the potential entry zone is identified between 0.125 – 0.134. This is a price area where a slight correction may occur before the upward trend continues. As long as the price stays above the 0.135 level, the short-term bullish structure remains intact and market sentiment stays positive.
Regarding risk management, the stop-loss level (SL) at 0.115 is considered a safe protection threshold in case of an unexpected market reversal.
The profit-taking targets are as follows:
• TP1: 0.145 – Short-term target, suitable for partial profit-taking.
• TP2: 0.160 – Next resistance zone if the upward momentum is maintained.
• TP3: 0.180 – Extended target in the scenario of a strong breakout and continued capital inflow.
Overall, VELVET is still maintaining a positive upward structure with higher highs and higher lows. However, traders should adhere to disciplined capital management and not ignore market signals during trading. This is a potential opportunity in the current trend, but a clear strategy and strict risk control are always necessary. $VELVET
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