$VELVET Short Liquidation ~$1.08102
Market Overview
Notable short squeeze. Relative strength and forced covering supporting the move (also noted among recent alt winners).
Key Support & Resistance
Support: ~1.05 / 0.98 / 0.90
Resistance: ~1.15 / 1.25 / 1.40
Next Move
Upside continuation favored while momentum holds.
Trade Targets (Long)
TG1: 1.18
TG2: 1.30
TG3: 1.45
Short & Mid-term Insights
Short-term strong. Mid-term: Watch if the squeeze turns into a sustained uptrend or mean-reverts.
Pro Tip
Trail aggressively after TG1 — VELVET can move fast in both directions.
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