🔴 $VELVET LONG LIQUIDATION ALERT

$1.14K in long positions was liquidated around $0.12501, showing that buyers are getting squeezed at this level. This kind of liquidation can create sharp volatility as leveraged traders are forced out.

📍 Support: $0.1230–$0.1240

🚧 Resistance: $0.1270–$0.1300

🎯 Next Target: $0.1300, then $0.1350 if momentum strengthens

If $VELVET holds above $0.1230, a rebound toward resistance could develop. A clean breakout above $0.1300 would improve the bullish structure, while losing $0.1230 could expose lower levels.

💡 Pro Tip: Don’t chase the first spike after a liquidation. Wait for confirmation, watch volume, and manage leverage carefully.

$VELVET #NUVA integrates Chainlink for RWA #Ethereum post-quantum deposit contract #Nasdaq 100 index fluctuates #Solana MEV market opens to competition