$VELVET LONG
1. Local oversold conditions on lower timeframes with an RSI index between 25 and 28 create an attractive zone for building positions in anticipation of a bounce.
2. Open interest declines steadily amid moderate trading volumes around $860 thousand, suggesting a likely squeeze-out of weaker participants.
3. The bullish scenario remains valid as long as buyers defend the key zone near the current levels, though there is still a small risk of a local pullback before the impulse.
🏁Entry: 0.08009$
💰Target 1: 0.08349542$
💰Target 2: 0.0865292$
💰Target 3: 0.089839$
💰Target 4: 0.09904493$
💰Target 5: 0.11345329$
🛡Protection: 0.07926192$
📈 RSI14: m1 25.0 • m5 28.4 • m15 43.7 • m30 48.3
📊 VOL: m1 $843.5K • m5 $866.8K • m15 $867.4K • m30 $870.7K
🧲 OI: now $6M • 5m -0.5% • 15m -1.3% • 30m -4.9%
⚠️ This is not financial advice. Trade at your own risk. DYOR.
#VELVET #skalper_76 #skalping 📈
$VELVET
1. Local oversold conditions on lower timeframes with an RSI index between 25 and 28 create an attractive zone for building positions in anticipation of a bounce.
2. Open interest declines steadily amid moderate trading volumes around $860 thousand, suggesting a likely squeeze-out of weaker participants.
3. The bullish scenario remains valid as long as buyers defend the key zone near the current levels, though there is still a small risk of a local pullback before the impulse.
🏁Entry: 0.08009$
💰Target 1: 0.08349542$
💰Target 2: 0.0865292$
💰Target 3: 0.089839$
💰Target 4: 0.09904493$
💰Target 5: 0.11345329$
🛡Protection: 0.07926192$
📈 RSI14: m1 25.0 • m5 28.4 • m15 43.7 • m30 48.3
📊 VOL: m1 $843.5K • m5 $866.8K • m15 $867.4K • m30 $870.7K
🧲 OI: now $6M • 5m -0.5% • 15m -1.3% • 30m -4.9%
⚠️ This is not financial advice. Trade at your own risk. DYOR.
#VELVET #skalper_76 #skalping 📈
$VELVET
