Just zoomed in on this one and spotted a potential continuation pattern.
$VELVET /USDT — LONG (High-Risk Setup)
Trade Plan
Entry: 0.9850 – 0.9950
(Market buy on a clean 15m close above 0.9950)
SL: 0.9200
(Stop below the recent consolidation low)
TP1: 1.0550
TP2: 1.1000
TP3: 1.1290
(Just under the 24h high)
Why this setup?
The asset is showing strong momentum after that massive +43% move, currently holding above the 0.9800 handle. The 1h structure suggests a slight consolidation phase, and a breakout above 0.9950 could trigger another leg up towards the 1.1299 peak. However, VELVET is highly overextended, so volume is the key—if the push lacks strength, this trade invalidates quickly. Manage risk tightly and scale out at TP1. If price sweeps the high without holding, take profits early. This is purely a momentum scalp, not a swing.
Lock in profits fast and adjust stops to breakeven once TP1 hits. Good luck. $VELVET
$VELVET /USDT — LONG (High-Risk Setup)
Trade Plan
Entry: 0.9850 – 0.9950
(Market buy on a clean 15m close above 0.9950)
SL: 0.9200
(Stop below the recent consolidation low)
TP1: 1.0550
TP2: 1.1000
TP3: 1.1290
(Just under the 24h high)
Why this setup?
The asset is showing strong momentum after that massive +43% move, currently holding above the 0.9800 handle. The 1h structure suggests a slight consolidation phase, and a breakout above 0.9950 could trigger another leg up towards the 1.1299 peak. However, VELVET is highly overextended, so volume is the key—if the push lacks strength, this trade invalidates quickly. Manage risk tightly and scale out at TP1. If price sweeps the high without holding, take profits early. This is purely a momentum scalp, not a swing.
Lock in profits fast and adjust stops to breakeven once TP1 hits. Good luck. $VELVET