$VELVET - LONG
Entry : 0.0959 – 0.0964
SL : 0.0914
TP1 : 0.0997
TP2 : 0.1020
TP3 : 0.1056
Why this setup?
- The 1D evolves in a range, but the 4h regime is oriented toward a long-term trend, and price holds the demand zone 0.0959–0.0965 like a fist.
- The RSI on the 15m is at 58.4 — not overheated, just warm enough to confirm buyers are in control without getting exhausted.
- The path of least resistance targets TP1 at 0.0997, then TP2 at 0.1020. That’s a clean 6% move before resistance even starts flashing.
- The ATR on 1h is 0.00196, meaning the current range is tight relative to recent volatility — compression often comes before expansion.
- The stop at 0.0914 limits risk to about 4.9% from entry, while the risk/reward ratio on TP2 is around 1.2 to 1.
- This is a trend-following setup, not a counter-trend bet. The 4h structure is aligned with the bias, and the 1D range simply means we trade inside the swing without fighting the current.
Click here to trade 👇🏼
$VELVET
Entry : 0.0959 – 0.0964
SL : 0.0914
TP1 : 0.0997
TP2 : 0.1020
TP3 : 0.1056
Why this setup?
- The 1D evolves in a range, but the 4h regime is oriented toward a long-term trend, and price holds the demand zone 0.0959–0.0965 like a fist.
- The RSI on the 15m is at 58.4 — not overheated, just warm enough to confirm buyers are in control without getting exhausted.
- The path of least resistance targets TP1 at 0.0997, then TP2 at 0.1020. That’s a clean 6% move before resistance even starts flashing.
- The ATR on 1h is 0.00196, meaning the current range is tight relative to recent volatility — compression often comes before expansion.
- The stop at 0.0914 limits risk to about 4.9% from entry, while the risk/reward ratio on TP2 is around 1.2 to 1.
- This is a trend-following setup, not a counter-trend bet. The 4h structure is aligned with the bias, and the 1D range simply means we trade inside the swing without fighting the current.
Click here to trade 👇🏼
$VELVET
