Is the breakout signal confirmed? $VELVET On the 1-hour chart, the price is holding firmly above the EMA50 and EMA200, and the moving averages have formed a bullish alignment. The ADX is hovering around 37, showing clear buyer dominance, while the 4-hour RSI is also above 55, with short-term momentum pointing upward.
The broader daily structure is still weighing on price, so this trade is a bet against the higher-timeframe trend, and position size should be kept conservative. The key is whether this zone can hold the pullback. If it does, there’s enough room to move up to the first target. As long as the structure remains intact, I’m inclined to favor a continuation of this rebound.
🟢 Trade direction: Long
📍 Entry zone: 0.0729042 – 0.0734266
🛑 Stop loss: 0.0665973
🎯 Take profit 1: 0.0780915
🎯 Take profit 2: 0.0813755
🎯 Take profit 3: 0.0863016
No need to chase the wind—the wind will find its way to you.
Stand alongside Sister Li, and let every moment leave an echo.
#VELVET
Click below to trade 👇
The broader daily structure is still weighing on price, so this trade is a bet against the higher-timeframe trend, and position size should be kept conservative. The key is whether this zone can hold the pullback. If it does, there’s enough room to move up to the first target. As long as the structure remains intact, I’m inclined to favor a continuation of this rebound.
🟢 Trade direction: Long
📍 Entry zone: 0.0729042 – 0.0734266
🛑 Stop loss: 0.0665973
🎯 Take profit 1: 0.0780915
🎯 Take profit 2: 0.0813755
🎯 Take profit 3: 0.0863016
No need to chase the wind—the wind will find its way to you.
Stand alongside Sister Li, and let every moment leave an echo.
#VELVET
Click below to trade 👇