$VELVET Update 📈

Still following the plan.

The structure remains bullish as long as we hold the current range, but the key trigger now is simple:

🟢 Reclaim $1.90-$2.00 and flip it into support.

If buyers manage to do that, I expect another expansion leg higher with targets around:

🎯 $2.20
🎯 $2.50+
🎯 Potential new highs if momentum returns.
Right now this looks more like consolidation after a massive move rather than a trend reversal.
Patience.

After a 3x move, some cooling off is completely healthy before the next leg.

Invalidation for me would be losing the higher-low structure and failing to reclaim the $2 zone.

For now:

Reclaim $2 → bullish continuation → up again. 🚀
#Velvet