$VELVET — Recovery Mode, Promising Structure
VELVET is up 18.97%, trading at $0.65455. Price is holding above all EMAs — EMA5 at $0.65439, EMA10 at $0.65078, and EMA30 at $0.64743 — a sign that the recovery has legs. The 24h high of $0.69708 is the next target.
Plan:
· Entry: $0.65455 (current) or $0.6400 on a dip.
· Target 1: $0.6800 — near resistance.
· Target 2: $0.7000 — if momentum continues.
· Stop-loss: $0.6300 — below EMA5.
Then vs. Now: VELVET was battered below $0.47 — now it's recovering above $0.65. This is a textbook recovery setup. If you've been patient and held, this is your