# VELVET

Shorts couldn't defend this level.
Price keeps pressing into higher liquidity.
$VELVET ‌ 🟢 LIQUIDITY ZONE HIT 🟢
Short liquidation spotted 🧨
$2.2016K cleared at $1.81352
Upside liquidity swept — watch reaction 👀
🎯 TP Targets:
TP1: ~$1.84
TP2: ~$1.87
TP3: ~$1.91
#velvet

#VELVET
$VELVET Trade Setup (Long)
📈 Entry Zone: 0.8200 – 0.8600 USDT
🎯 Target 1 (TP1): 0.9600 USDT
🎯 Target 2 (TP2): 1.0980 USDT
🎯 Target 3 (TP3): 1.1390 USDT
🛑 Stop Loss: 0.7780 USDT

VELVET squeezed higher fast.
Shorts were forced to cover.
$VELVET ‌ 🟢 LIQUIDITY ZONE HIT 🟢
Short liquidation spotted 🧨
$2.7777K cleared at $0.91825
Upside liquidity swept — watch reaction 👀
🎯 TP Targets:
TP1: ~$0.92743
TP2: ~$0.93661
TP3: ~$0.94579
#VELVET

#VELVET Data analysis from Aice100 shows that when $VELVET price is around $0.38077, the 24-hour price change is -72.23%.
How to put it, the short-term is weakening quickly, and the risk of turning weak at high levels is increasing.
But we also can't ignore that 88% of short positions are still profitable. Funding rate +0.133%, longs are still paying, and after breaking support, there will be continued short-term testing.
Above, watch $0.39029; below, see if $0.36935 can hold.
Active support: active sell orders are dominant, net ratio -1.1% (buy $1.96B / sell $2B).
Forum posting discussion v

#VELVET Retail investors have all left, only those truly working on big projects have just started to come in. The conservative estimate for the first target is $20.

#VELVET The cost of 0.68 has been reached now, neither to sell nor to hold...

#VELVET There's still a wave of injections. The 1.6 short position feels like it's halfway up the mountain.

#VELVET The down candle indicates excessive selling and may decline further