$VELVET Bullish Breakout Setup...
The chart is showing a strong breakout from the 1.02–1.04 consolidation zone, with consecutive bullish candles and clear momentum expansion. As long as price holds the breakout area, the structure favors another push higher.
Entry Zone: 1.055 – 1.075
TP1: 1.090
TP2: 1.115
TP3: 1.140
SL: 1.035
Momentum is clearly with the buyers here. Let the breakout structure work and keep risk controlled if price loses the entry zone.
The chart is showing a strong breakout from the 1.02–1.04 consolidation zone, with consecutive bullish candles and clear momentum expansion. As long as price holds the breakout area, the structure favors another push higher.
Entry Zone: 1.055 – 1.075
TP1: 1.090
TP2: 1.115
TP3: 1.140
SL: 1.035
Momentum is clearly with the buyers here. Let the breakout structure work and keep risk controlled if price loses the entry zone.