$VELVET IS NARROWING INTO A STRUCTURE THAT TYPICALLY PRECEDES A VIOLENT MOVE ๐ฅ
Entry: $0.455 ๐ฅ
Target: $0.600 ๐
Stop Loss: $0.430 โ ๏ธ
Price has been compressing between $0.430 and $0.500 for the past week, with liquidity clustering at both extremes. A rejection at $0.455 on the 4H chart aligns with a fresh order block, and the RSI is neutral โ room to run either way.
The risk-to-reward here is roughly 1:3 if you get the entry tight. Sellers are getting trapped below $0.430, and any push above $0.485 could trigger a short squeeze. Are you playing the range or waiting for confirmation above $0.470?
Not financial advice. Always manage your risk.
#VELVET #RangeTrading #CryptoSetup #Breakout
๐ฅ
Entry: $0.455 ๐ฅ
Target: $0.600 ๐
Stop Loss: $0.430 โ ๏ธ
Price has been compressing between $0.430 and $0.500 for the past week, with liquidity clustering at both extremes. A rejection at $0.455 on the 4H chart aligns with a fresh order block, and the RSI is neutral โ room to run either way.
The risk-to-reward here is roughly 1:3 if you get the entry tight. Sellers are getting trapped below $0.430, and any push above $0.485 could trigger a short squeeze. Are you playing the range or waiting for confirmation above $0.470?
Not financial advice. Always manage your risk.
#VELVET #RangeTrading #CryptoSetup #Breakout
๐ฅ
