Increment and calm: the order book structure of $VELVET is giving bullish signals. On the hourly timeframe, price is consistently holding above the EMA50 and EMA200; the moving averages are in a bullish alignment, and short-term momentum is clearly pointing upward. The ADX reading is around 23—buyers are in control; the DI spread is widening, indicating this push isn’t fake. The 4-hour RSI has been trading above 57, with momentum standing on the buyers’ side.
On the daily timeframe, the overall structure remains bearish, so this is a counter-trend setup. Keep your position size restrained, and the stop-loss must be firm. As long as key support doesn’t break, the upside potential is still there. At this spot, I’d rather test with a small position than chase the price.
🟢 Trading direction: Long
📍 Entry range: 0.0750792 – 0.0756109
🛑 Stop-loss: 0.0707214
🎯 Take-profit 1: 0.0788129
🎯 Take-profit 2: 0.0811247
🎯 Take-profit 3: 0.0845925
Don’t chase the trend—trends will eventually pause on their own.
Stand side by side with Sister Li, so that every inch of time leaves an echo.
#VELVET
Click below to trade 👇
On the daily timeframe, the overall structure remains bearish, so this is a counter-trend setup. Keep your position size restrained, and the stop-loss must be firm. As long as key support doesn’t break, the upside potential is still there. At this spot, I’d rather test with a small position than chase the price.
🟢 Trading direction: Long
📍 Entry range: 0.0750792 – 0.0756109
🛑 Stop-loss: 0.0707214
🎯 Take-profit 1: 0.0788129
🎯 Take-profit 2: 0.0811247
🎯 Take-profit 3: 0.0845925
Don’t chase the trend—trends will eventually pause on their own.
Stand side by side with Sister Li, so that every inch of time leaves an echo.
#VELVET
Click below to trade 👇