VELVETUSDT is trading around 0.95955, up 32.72% in 24 hours. Price is now approaching the psychological 1.00 area, where profit-taking can become aggressive. I want to see whether buyers can reclaim and hold that level instead of simply touching it.
TG1: 0.9850
TG2: 1.0200
TG3: 1.0600
If 0.9400 breaks, I would watch 0.9150 and 0.8900. Long liquidation risk sits below 0.9400, while short liquidation risk increases above 0.9850.
My bias remains bullish while support holds, but I would avoid chasing near resistance. Pro tip: round numbers often create fake breakouts, so confirmation matters. A strong move through 1.00 followed by a successful retest would give me much more confidence. If price rejects 1.00 and volume expands on the sell side, the pullback could be fast. I would scale carefully, keep invalidation clear, and let price action decide. The key is confirmation. Patience protects capital. I will wait. No forced entries. Discipline first. Before entering.
