$VELVET
Quick Update (4H Chart)
$VELVET has successfully broken out of the descending triangle pattern on the 4H timeframe — signaling a potential trend reversal after weeks of consolidation.
The breakout candle has strong volume support, confirming buyers’ strength from the $0.200–$0.205 demand zone.
As long as price stays above the breakout trendline, bullish momentum can extend toward higher targets.
🎯 Targets:
$0.240 (first resistance)
$0.260 (mid-term target)
$0.300 (major target if momentum continues)
📉 Support: $0.205 (must hold for bullish structure)
⚠ Note: Wait for a 4H retest and confirmation before entering fresh longs for better risk–reward.
💬 Summary:
VELVET has broken out of its 4H triangle pattern — momentum shift looks bullish. Holding above $0.205 keeps the upside valid.