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$VELVET triggered a short liquidation event, forcing bearish traders to cover positions as price pushed through nearby resistance levels.
The liquidation-driven rally has strengthened bullish momentum and signals increasing buyer interest across the current trading range.
EP
0.3980 - 0.4060
TP
TP1 0.4200
TP2 0.4450
TP3 0.4750
SL
0.3880
Liquidity was taken above recent highs, clearing short positions and creating additional buy-side pressure.
The recent squeeze confirms strong demand around current levels, while the removal of bearish leverage supports the potential for further upside expansion.
As long as price remains above the reclaimed support zone, the bullish structure stays intact and favors continuation toward higher resistance levels.
A decisive break above 0.4200 could attract fresh momentum traders and trigger a move toward the next liquidity targets.
The short squeeze has shifted market sentiment firmly toward the bulls, making $VELVET a chart worth monitoring closely.
Let’s go $VELVET