Everyone is staring at BTC, while $VELVET /USDT calmly fluctuates toward an upward trend on the 4H timeframe.
$VELVET T - 🟢 LONG · Confidence 81%
Trading plan:
Entry: 0.7662808 – 0.7719192
SL: 0.6990707
TP1: 0.8216220
TP2: 0.8566367
TP3: 0.9091586
Why these settings?
- The daily trend is bullish, but the 4H timeframe is where the profits are coming from right now.
- The RSI on the 15m timeframe is 50.93, meaning the engine is warm, not cold—there’s room to move without being overbought.
- The entry zone is tight: from 0.7662 to 0.7719. The setup includes a clear invalidation at 0.6749.
- Why now? Because price is holding above the 1H ATR (0.0291), indicating buyers are absorbing sell pressure instead of chasing.
- This is a trend-following long entry, not a gamble. The move toward TP1 at 0.8216 is only 6.8% away, and the structure supports it.
Discussion:
If you had to choose one target before the end of the week, would you take the 6.8% to TP1 or wait for 11% at TP2?
$VELVET T - 🟢 LONG · Confidence 81%
Trading plan:
Entry: 0.7662808 – 0.7719192
SL: 0.6990707
TP1: 0.8216220
TP2: 0.8566367
TP3: 0.9091586
Why these settings?
- The daily trend is bullish, but the 4H timeframe is where the profits are coming from right now.
- The RSI on the 15m timeframe is 50.93, meaning the engine is warm, not cold—there’s room to move without being overbought.
- The entry zone is tight: from 0.7662 to 0.7719. The setup includes a clear invalidation at 0.6749.
- Why now? Because price is holding above the 1H ATR (0.0291), indicating buyers are absorbing sell pressure instead of chasing.
- This is a trend-following long entry, not a gamble. The move toward TP1 at 0.8216 is only 6.8% away, and the structure supports it.
Discussion:
If you had to choose one target before the end of the week, would you take the 6.8% to TP1 or wait for 11% at TP2?