Buyers are still in control here. $VELVET ran +94% and the pullback has been shallow — a sign of strength.
Long $VELVET
Entry: 1.65 – 1.72
SL: 1.50
TP: 1.85 / 1.95
The move from $0.76 to $1.88 was aggressive. What matters now is that price is holding above $1.65. That tells me the rally isn't done. A push past $1.75 could trigger the next leg.
take position $VELVET here
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