The previous BTC strategy in that round has been successfully executed. To be honest, the closing act didn’t come by waiting—it had to be repeatedly validated through periods of divergence. $VELVET saw multiple attempts during the day to test the resistance zone ahead. Each time price pulled back, the volume didn’t show any obvious expansion, which indicates that the amount of truly willing-to-run coins isn’t much.
The four-hour structure is still being held above the moving average. As long as the short-term key support/absorption zone isn’t lost, the probability of another push to test the prior high is greater than the probability of a pullback. I lean toward setting up long positions from the current location: the risk-reward ratio is reasonable, and the rest is left to the order book and price action to provide the answer.
🟢 Trading Direction: Long
📍 Entry Range: 0.7001 – 0.7101
🛑 Stop Loss: 0.6361
🎯 Take Profit 1: 0.7401
🎯 Take Profit 2: 0.7701
🎯 Take Profit 3: 0.8001
🎯 Take Profit 4: 0.9002
Gaze upon the vastness of the mountains and seas; observe the subtle movements of the market.
Travel with Uncle Xiong—see how gains and losses play out beneath the sky.
#VELVET
Click below to trade 👇
The four-hour structure is still being held above the moving average. As long as the short-term key support/absorption zone isn’t lost, the probability of another push to test the prior high is greater than the probability of a pullback. I lean toward setting up long positions from the current location: the risk-reward ratio is reasonable, and the rest is left to the order book and price action to provide the answer.
🟢 Trading Direction: Long
📍 Entry Range: 0.7001 – 0.7101
🛑 Stop Loss: 0.6361
🎯 Take Profit 1: 0.7401
🎯 Take Profit 2: 0.7701
🎯 Take Profit 3: 0.8001
🎯 Take Profit 4: 0.9002
Gaze upon the vastness of the mountains and seas; observe the subtle movements of the market.
Travel with Uncle Xiong—see how gains and losses play out beneath the sky.
#VELVET
Click below to trade 👇