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$VELVET Up 137% but cooling off from the 1.10 peak. MA10 now above MA5 – short-term weakness. However, MA30 is still well below at 0.66, so the larger trend is far from broken.
Price is holding above the 0.68 support zone. This is a make-or-break retest. Volume still healthy. Either we bounce hard here or slide into deeper chop.
• Entry Zone: 0.720 – 0.760
• TP1: 0.860
• TP2: 0.980
• TP3: 1.100
• Stop-Loss: 0.670
#MyGateTradeStory #USMayCPIHits3YearHigh