🔥 $VELVET /USDT — 1H Setup
Bullish bias 📈 | Buy the dip
VELVET is consolidating near the highs after a strong breakout. Price remains above the MA25 (1.065) and MA99 (0.793), while Stoch RSI is deeply oversold — suggesting the pullback may be cooling rather than a full reversal.
🟢 Entry: 1.10–1.14
🎯 TP1: 1.247
🎯 TP2: 1.30
🎯 TP3: 1.40
🛑 SL: 1.02
Why LONG? Strong higher-high structure, price above major moving averages, and consolidation close to resistance. A clean breakout above 1.247 could open the way toward the next targets.
⚠️ If 1.02 breaks, invalidate the setup.
#VELVET #VELVETUSDT #Binance #crypto #trading
Bullish bias 📈 | Buy the dip
VELVET is consolidating near the highs after a strong breakout. Price remains above the MA25 (1.065) and MA99 (0.793), while Stoch RSI is deeply oversold — suggesting the pullback may be cooling rather than a full reversal.
🟢 Entry: 1.10–1.14
🎯 TP1: 1.247
🎯 TP2: 1.30
🎯 TP3: 1.40
🛑 SL: 1.02
Why LONG? Strong higher-high structure, price above major moving averages, and consolidation close to resistance. A clean breakout above 1.247 could open the way toward the next targets.
⚠️ If 1.02 breaks, invalidate the setup.
#VELVET #VELVETUSDT #Binance #crypto #trading