๐ $VELVET โ LONG SETUP
$VELVET rebounded strongly from $0.4722, with a clear rise in trading volume. The price is now above the MA(7) and hovering around the MA(99), but it is still below the MA(25), so we need confirmation before considering the uptrend fully established.
๐ Entry zone: $0.595 โ $0.620
๐ฅ Breakout entry: Above $0.650 with strong volume
๐ฏ Take profit:
TP1: $0.680
TP2: $0.740
TP3: $0.775
TP4: $0.850
๐ Stop loss: $0.565
โก Key level: $0.650
Breaking and holding above it may open the way for a new bullish wave. But losing $0.4722 would significantly weaken the bullish scenario.
Donโt chase the candle after the move; the better entry is after the breakout is confirmed or on a retest. ๐๐
#VELVET #Crypto #Binance #altcoins
$VELVET rebounded strongly from $0.4722, with a clear rise in trading volume. The price is now above the MA(7) and hovering around the MA(99), but it is still below the MA(25), so we need confirmation before considering the uptrend fully established.
๐ Entry zone: $0.595 โ $0.620
๐ฅ Breakout entry: Above $0.650 with strong volume
๐ฏ Take profit:
TP1: $0.680
TP2: $0.740
TP3: $0.775
TP4: $0.850
๐ Stop loss: $0.565
โก Key level: $0.650
Breaking and holding above it may open the way for a new bullish wave. But losing $0.4722 would significantly weaken the bullish scenario.
Donโt chase the candle after the move; the better entry is after the breakout is confirmed or on a retest. ๐๐
#VELVET #Crypto #Binance #altcoins
