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$VELVET – Consolidation Nearing Breakout, Bulls In Control
Yeah exactly that's why I'm long
Long $VELVET
Entry: 0.560 – 0.570
SL: 0.530
TP1: 0.600
TP2: 0.630
TP3: 0.660
Price is consolidating near the highs with lower supply coming in. Each dip is getting bought up faster than the last — that's accumulation behavior. Sellers are losing control and the pressure is building to the upside.
Volume is drying up on pullbacks and expanding on bounces — classic pre-breakout setup. As long as price holds above support, upside continuation is the path of least resistance.
👉 Trade $VELVET on gate io