Long $VELVET USDT (4H) 🔵 Bias: LONG
✅ Entry: 0.4280–0.4380
🛑 SL: 0.4050
🎯 TP1: 0.4687 |
🟢 TP2: 0.4920
🟢 TP3: 0.5200
💡 Why: $VELVET is recovering strongly and has moved back above the 7 and 25 moving averages, giving the short-term trend a bullish look. The exact 15m RSI isn’t visible, so I wouldn’t chase after the 13% move—I’d wait for a controlled retest near 0.4280–0.4380. The main resistance sits around 0.4687, followed by the 99 MA near 0.4920.
✅ Entry: 0.4280–0.4380
🛑 SL: 0.4050
🎯 TP1: 0.4687 |
🟢 TP2: 0.4920
🟢 TP3: 0.5200
💡 Why: $VELVET is recovering strongly and has moved back above the 7 and 25 moving averages, giving the short-term trend a bullish look. The exact 15m RSI isn’t visible, so I wouldn’t chase after the 13% move—I’d wait for a controlled retest near 0.4280–0.4380. The main resistance sits around 0.4687, followed by the 99 MA near 0.4920.