$VELVET — SHORTS GETTING SQUEEZED
$5.21K in short liquidations at $0.60126 shows leveraged sellers are being forced out as buying pressure accelerates.
Support: $0.5900
Resistance: $0.6200
Next Target 🎯: $0.6500
A clean breakout above $0.6200 could fuel another sharp move higher. Losing $0.5900 may weaken the setup.
Pro Tip: Watch volume above resistance. Strong follow-through matters more than a quick liquidation spike.
⚠️ Manage risk. DYOR.$VELVET #Treasury yields hit 19-year high #Hyperliquid challenges SEC rule #Ethereum Hegota upgrade proposals #Fed rate hike expected #Harmony rolls back chain after token exploit
