VELVET is approaching the $1.00 psychological level after gaining over 43%. This is an important decision zone because round numbers often attract heavy buying and selling. Support: $0.90–$0.93. Resistance: $1.04–$1.06. A confirmed breakout above $1.06 could send price toward Target 1: $1.12 and Target 2: $1.25. If price rejects $1.00 and loses $0.90, the setup becomes weaker. Stop-loss: around $0.85. Next move: watch for a clean hold above $1.00 followed by increasing volume. After a large daily move, patience is safer than chasing.
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