$VELVET Price Rejection: Is the DeFAI Hype Cooling Off?
Short $VELVET
Entry: 0.1140 – 0.1165
Stop Loss: 0.1265
Targets:
TP1: 0.1125
TP2: 0.1080
TP3: 0.1020
The $VELVET pump just hit a massive wall at 0.1255. While retail is chasing the green candles, the smart money is looking at the exhaustion. Are we about to see a deep correction?
🔍 The Technical Breakdown
The Rejection: On the 4H chart, we’ve seen a massive "shooting star" wick at the local high. This shows intense selling pressure at 0.1255.
Volume Exhaustion: The buying volume is drying up on the 15m and 1H timeframes, signaling that the initial hype is cooling off.
The Pivot: 0.1158 is the line in the sand. If we break below this, the "Higher Low" structure breaks, and the floodgates open.
⚠️ Risk Management
VELVET is a high-volatility DeFAI token. Don’t get caught in a squeeze!
Leverage: 3x - 5x recommended.
Capital: Risk no more than 2% of your wallet.
What’s your move? Is this just a healthy pullback before $0.15, or are we heading back to the sub-0.10 zone? Let me know in the comments! 👇
#VELVET #MarketRally #RiskAssetsMarketShock #WarshFedPolicyOutlook