Setup long $VELVET
Entry: 0.076-0.077
TP: 0.08
SL: 0.072
Why long?
The chart is currently accumulating in a fairly stable manner. Almost sideways in the 0.076 price range. This could be a consolidation phase and then a push up. The long momentum from below is quite low, while the short momentum is much stronger. The 15m chart shows a slight upward trend. The likelihood of going up to sweep shorts above is quite high
Entry: 0.076-0.077
TP: 0.08
SL: 0.072
Why long?
The chart is currently accumulating in a fairly stable manner. Almost sideways in the 0.076 price range. This could be a consolidation phase and then a push up. The long momentum from below is quite low, while the short momentum is much stronger. The 15m chart shows a slight upward trend. The likelihood of going up to sweep shorts above is quite high
