$VELVET LONG
🏁 Entry: 0.08447$
🎯 Take Profit 1: 0.08806166$
🎯 Take Profit 2: 0.09126135$
🎯 Take Profit 3: 0.09475216$
🎯 Take Profit 4: 0.10446155$
🎯 Take Profit 5: 0.11965788$
❌ Stop-loss: 0.08041544$
📈 RSI14: m1 23.3 • m5 51.9 • m15 56.2 • m30 63.9
📊 VOL: m1 $1.5M • m5 $470.1K • m15 $1.5M • m30 $7.5M
🧲 OI: now $7M • 5m -2.7% • 15m +5.9% • 30m +10.4%
The metrics capture an interesting picture: RSI on the lows dropped to 23.3 amid noticeable volumes of 7.5M on the half-hour timeframe, while open interest increased by 10.4% over the last thirty minutes.
This combination of OI and volume dynamics suggests a struggle for positions, where buyers are trying to regain control after a local cooling-off from being overheated.
⚠️ This is not financial advice. Trade at your own risk. DYOR.
#VELVET #TradingSignals #MarketAnalysis 📈
$VELVET
🏁 Entry: 0.08447$
🎯 Take Profit 1: 0.08806166$
🎯 Take Profit 2: 0.09126135$
🎯 Take Profit 3: 0.09475216$
🎯 Take Profit 4: 0.10446155$
🎯 Take Profit 5: 0.11965788$
❌ Stop-loss: 0.08041544$
📈 RSI14: m1 23.3 • m5 51.9 • m15 56.2 • m30 63.9
📊 VOL: m1 $1.5M • m5 $470.1K • m15 $1.5M • m30 $7.5M
🧲 OI: now $7M • 5m -2.7% • 15m +5.9% • 30m +10.4%
The metrics capture an interesting picture: RSI on the lows dropped to 23.3 amid noticeable volumes of 7.5M on the half-hour timeframe, while open interest increased by 10.4% over the last thirty minutes.
This combination of OI and volume dynamics suggests a struggle for positions, where buyers are trying to regain control after a local cooling-off from being overheated.
⚠️ This is not financial advice. Trade at your own risk. DYOR.
#VELVET #TradingSignals #MarketAnalysis 📈
$VELVET
