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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