$VELVET long 10x | The bounce area has been touched, and the risks have been secured.
VELVET finally returned to trading within the zone you marked, and this is where the interest begins. This is not a chase to break in; buying stays valid only as long as the order book (bid/ask) maintains the line.
Trading plan:
- Entry: 0.69205 – 0.70215
- Target 1: 0.73343 (R:R 1:0.8)
- Target 2: 0.75766 (R:R 1:1.3)
- Target 3: 0.79399 (R:R 1:2.0)
- Stop loss: 0.64866
Why this setup?
- The buy thesis is still intact on the 4-hour framework, with price continuing to stay within 0.69205–0.70215, and today’s structure still pointing upward.
- The 15-minute RSI at 62 gives buyers room to extend, provided the level is defended on any dip.
- Volume confirmation for the move at 0.29x: trading was 150.99K versus the expected 522.19K, so the push carries real weight.
My assessment. Your execution..
Trade here 👇 and which entry do you trust more: the first touch of the zone, or the second reaction after the retest?
$VELVET
#VELVET
VELVET finally returned to trading within the zone you marked, and this is where the interest begins. This is not a chase to break in; buying stays valid only as long as the order book (bid/ask) maintains the line.
Trading plan:
- Entry: 0.69205 – 0.70215
- Target 1: 0.73343 (R:R 1:0.8)
- Target 2: 0.75766 (R:R 1:1.3)
- Target 3: 0.79399 (R:R 1:2.0)
- Stop loss: 0.64866
Why this setup?
- The buy thesis is still intact on the 4-hour framework, with price continuing to stay within 0.69205–0.70215, and today’s structure still pointing upward.
- The 15-minute RSI at 62 gives buyers room to extend, provided the level is defended on any dip.
- Volume confirmation for the move at 0.29x: trading was 150.99K versus the expected 522.19K, so the push carries real weight.
My assessment. Your execution..
Trade here 👇 and which entry do you trust more: the first touch of the zone, or the second reaction after the retest?
$VELVET
#VELVET