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$VELVET experienced a short liquidation around $0.18391, indicating that leveraged sellers were forced to close their positions. The liquidation reflects strengthening bullish momentum, with buyers gaining control of the short-term trend. If price holds above key support levels, further upside movement could follow as short-covering activity continues to support the rally.
Entry: $0.1820 - $0.1850
SL: $0.1770
TP1: $0.1900
TP2: $0.1980
TP3: $0.2070
TP4: $0.2200
Momentum is improving, and recent pullbacks are attracting buyers. Watch resistance levels closely and trade with proper risk management.
Buy and Trade $VELVET