๐ $VELVET LONG โ Waiting for the Breakout! ๐ข๐ฅ
$VELVET
remains bullish overall, trading above the 4H SuperTrend. But the breakout still needs confirmation. ๐๐
The key trigger is a clean break above $1.05 with strong volume. Until then, patience is the play. โก
๐ Entry Trigger: Above $1.05 + volume confirmation
๐ Stop Loss: $1.00
๐ฏ TP1: $1.10
๐ฏ TP2: $1.15
๐ฏ TP3: $1.20
๐ 4H Trend: Bullish
๐ 4H RSI: Neutral
โ ๏ธ Funding: High at 0.0627%
๐ 15M SuperTrend: Price still below it
The setup offers an estimated Risk/Reward of 1:3.5, but confirmation is essential before entering. ๐ฅ
Will $VELVET break $1.05 and start the next move higher? ๐๐
$VELVET
remains bullish overall, trading above the 4H SuperTrend. But the breakout still needs confirmation. ๐๐
The key trigger is a clean break above $1.05 with strong volume. Until then, patience is the play. โก
๐ Entry Trigger: Above $1.05 + volume confirmation
๐ Stop Loss: $1.00
๐ฏ TP1: $1.10
๐ฏ TP2: $1.15
๐ฏ TP3: $1.20
๐ 4H Trend: Bullish
๐ 4H RSI: Neutral
โ ๏ธ Funding: High at 0.0627%
๐ 15M SuperTrend: Price still below it
The setup offers an estimated Risk/Reward of 1:3.5, but confirmation is essential before entering. ๐ฅ
Will $VELVET break $1.05 and start the next move higher? ๐๐