$VELVET: the new 1.0692 milestone is where the rising momentum must prove itself.
The 1H signal indicates that when the candle closes above 1.0692, the volume is not less than the average of the last 20 candles; the 4H RSI at 81.1% warns of potential shakeouts.
Pair: VELVETUSDT
Scenario: LONG
Trigger: 1H candle closes above 1.0692 with volume not lower than the average of the last 20 candles
Entry: 1.0692
SL: 0.8801
TP1: 1.3529
TP2: 1.5231
R:R TP1: 1.50
Invalidation: 1H candle closes below 0.8801
How should the volume look when the 1H candle closes above 1.0692 for you to trust the signal?
#VELVET #Crypto
Analysis is for reference only and not investment advice.
The 1H signal indicates that when the candle closes above 1.0692, the volume is not less than the average of the last 20 candles; the 4H RSI at 81.1% warns of potential shakeouts.
Pair: VELVETUSDT
Scenario: LONG
Trigger: 1H candle closes above 1.0692 with volume not lower than the average of the last 20 candles
Entry: 1.0692
SL: 0.8801
TP1: 1.3529
TP2: 1.5231
R:R TP1: 1.50
Invalidation: 1H candle closes below 0.8801
How should the volume look when the 1H candle closes above 1.0692 for you to trust the signal?
#VELVET #Crypto
Analysis is for reference only and not investment advice.