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Guys $VELVET is showing rejection after recovery move. Price is struggling near resistance zone and sellers are trying to gain control again. Watch closely, if this level breaks we can see another downside push.
Entry: 0.5200 – 0.5300
TP1: 0.5000
TP2: 0.4750
TP3: 0.4500
Stop Loss: 0.5650
After strong volatility, $VELVET is forming weakness near the upper area. Current 1H candles show possible bearish momentum, but wait for confirmation because buyers can attempt another bounce. Follow the setup, manage risk, and trade with patience.
$VELVET #GTBurns2.57MInQ2