$VELVET remains in a strong bullish structure despite a sharp rejection from the recent high. Price is holding above the post-breakout support near 0.62–0.65, suggesting buyers are still defending the move. The latest pullback appears to have swept late longs, while unfilled liquidity remains above 0.86. A bullish continuation is confirmed only if price reclaims 0.70 with sustained volume.
🎯 Trade Setup
Direction:
LONG
Entry Zone
0.63 – 0.66
Take Profit 1
0.78
Take Profit 2
0.90
Take Profit 3
1.05
Stop Loss
0.58
Risk : Reward
1:3.2
Trade Type
Intraday
#VELVET