avatarZobi khan
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$VELVET

A $9.23K long liquidation at $0.40473 shows leveraged bulls were flushed out, increasing short-term volatility. Liquidation events like this often reset the market before the next meaningful move.

📊 Support: $0.3950

📊 Resistance: $0.4150

🎯 Next Targets: $0.4280 → $0.4420

If buyers reclaim resistance with strong volume, a recovery rally becomes increasingly likely. However, a break below support could trigger another wave of selling pressure.

Wait for confirmation. Trade with discipline.

$VELVET


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