$VELVET Shows strong buying absorption after a deep pullback.



Trade Plan Long Position $VELVET
Entry: $1.60-$1.65
Stop Loss: $1.5
Targets: $1.75 / $1.85 / $2.05
Price has recently fallen below the range low. Buyers quickly reclaimed the level. Open interest has dropped but buyers are aggressive. Retail investors are heavily short. Funding remains positive. This looks like a spring.

Trade $VELVET here 👇
VELVETUSDT
Perp
1.6477
+2.13%
VELVET-8.57%
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