avatarHarry Edward
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VIP Market Signal | $VELVET

A long liquidation around $0.49968 shows leveraged bulls were forced out during a sharp decline. These shakeouts often remove weak hands before the market establishes its next trend.

📍 Support: $0.4850

📍 Resistance: $0.5150

🎯 Next Target: $0.5350

Reclaiming resistance would signal improving buyer confidence, while losing support could trigger another liquidity sweep. Wait for confirmation before entering new positions.



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