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$VELVET is holding a bullish structure after a strong breakout, with buyers defending higher lows and preparing for another push toward resistance.
Trading Plan – Long
Entry: $0.565 – $0.575
Stop Loss: $0.545
Targets:
🎯 TP1: $0.590
🎯 TP2: $0.620
🎯 TP3: $0.650
VELVET has maintained strong momentum after rallying from the $0.43 demand zone. On the 15M timeframe, price is consolidating above $0.55, indicating healthy accumulation rather than weakness. A decisive break above $0.590 could trigger another impulsive move toward $0.620, with $0.650 as the next major upside target. The bullish setup remains valid as long as $0.545 holds as support.
Trade $VELVET here 👇