$VELVET /USDT — LONG | Riding the trend, waiting for the next surge 🚀
I’m leaning toward LONG at $VELVET as the 4H structure starts giving a breakout signal, while the 1D trend is still maintaining a bullish bias.
My plan:
🟢 Entry: 0.5412 – 0.5480
🎯 TP1: 0.6388
🎯 TP2: 0.7071
🎯 TP3: 0.8097
🛑 SL: 0.3994
What I like about this setup is that the 4H and 1D are aligned. The 15M RSI around 58 hasn’t entered the overbought zone yet, so if volume continues to hold, $VELVET still has room to extend the uptrend leg.
The level 0.5362 is a zone I’m paying special attention to. If price retraces close to 0.5312 and the structure holds, that could be a great spot to add positions—rather than FOMO after the move has already run.
For me, this isn’t a bottom-fishing trade or a contrarian bet—it's simply waiting for confirmation and riding the wave that’s already forming. 📈
Which option are you choosing: LONG around 0.536, or patiently waiting for a retest at 0.531? 👀
I’m leaning toward LONG at $VELVET as the 4H structure starts giving a breakout signal, while the 1D trend is still maintaining a bullish bias.
My plan:
🟢 Entry: 0.5412 – 0.5480
🎯 TP1: 0.6388
🎯 TP2: 0.7071
🎯 TP3: 0.8097
🛑 SL: 0.3994
What I like about this setup is that the 4H and 1D are aligned. The 15M RSI around 58 hasn’t entered the overbought zone yet, so if volume continues to hold, $VELVET still has room to extend the uptrend leg.
The level 0.5362 is a zone I’m paying special attention to. If price retraces close to 0.5312 and the structure holds, that could be a great spot to add positions—rather than FOMO after the move has already run.
For me, this isn’t a bottom-fishing trade or a contrarian bet—it's simply waiting for confirmation and riding the wave that’s already forming. 📈
Which option are you choosing: LONG around 0.536, or patiently waiting for a retest at 0.531? 👀