$VELVET is holding a strong bullish structure after a massive breakout, with buyers defending the $1.00 area. Price has consolidated near $1.039 after reacting from the breakout zone, while the previous high at $1.1299 remains the key liquidity target. Higher lows are forming, and sustained momentum could push price back toward the resistance zone.
Trade Setup
- Entry: $1.020–$1.045
- Target 1: $1.080
- Target 2: $1.130
- Target 3: $1.200
- Stop Loss: $0.960
How it's possible
The breakout from the previous range was supported by strong market activity, and price is now trying to establish the $1.00 area as support. The consolidation above this level suggests buyers are absorbing selling pressure, while momentum remains bullish. A volume-backed break above $1.08 and then $1.13 would confirm continuation toward higher liquidity. If price closes below the stop loss, the setup is invalid and the trade should be exited to protect capital.
Let's go and Trade now
Trade Setup
- Entry: $1.020–$1.045
- Target 1: $1.080
- Target 2: $1.130
- Target 3: $1.200
- Stop Loss: $0.960
How it's possible
The breakout from the previous range was supported by strong market activity, and price is now trying to establish the $1.00 area as support. The consolidation above this level suggests buyers are absorbing selling pressure, while momentum remains bullish. A volume-backed break above $1.08 and then $1.13 would confirm continuation toward higher liquidity. If price closes below the stop loss, the setup is invalid and the trade should be exited to protect capital.
Let's go and Trade now