🔻 What Happened:
VELA had a big dump from around $0.25 down to $0.036 – that's over 85% drop.
Every time it tried to bounce, it got rejected from red zones (supply/resistance).
Structure breaks (BOS) and change of character (CHoCH) show it kept going more bearish each time.
📉 Current Situation:
Price is flat and low, stuck near the weak low area.
There's very low volume, meaning not much buying or selling — market is waiting.
Stochastic RSI is slowly curling up from the bottom → could mean a tiny bounce soon.
🚩 Simple View:
Price needs to break above $0.06 or higher red zone to flip bullish.
Right now, it’s just consolidating, maybe preparing for a small move.
MAYBE SURPRISE MOVE IS COMING ? OPINIONS?
------------------
Other Low Market Cap #RWA #RealEstate #Tokenization Platforms by FDV
SQRB $100K on PROBIT
$RNB $310K
$HTS $1.9M
$STBU $3.5M
LAND $3.6M
-----
Not for recommendations to BUY SELL any stocks, cryptos, FX or securities
Not for Financial Advise
DYOR
VELA had a big dump from around $0.25 down to $0.036 – that's over 85% drop.
Every time it tried to bounce, it got rejected from red zones (supply/resistance).
Structure breaks (BOS) and change of character (CHoCH) show it kept going more bearish each time.
📉 Current Situation:
Price is flat and low, stuck near the weak low area.
There's very low volume, meaning not much buying or selling — market is waiting.
Stochastic RSI is slowly curling up from the bottom → could mean a tiny bounce soon.
🚩 Simple View:
Price needs to break above $0.06 or higher red zone to flip bullish.
Right now, it’s just consolidating, maybe preparing for a small move.
MAYBE SURPRISE MOVE IS COMING ? OPINIONS?
------------------
Other Low Market Cap #RWA #RealEstate #Tokenization Platforms by FDV
SQRB $100K on PROBIT
$RNB $310K
$HTS $1.9M
$STBU $3.5M
LAND $3.6M
-----
Not for recommendations to BUY SELL any stocks, cryptos, FX or securities
Not for Financial Advise
DYOR
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.