Is this easy money or catching a falling knife? That’s the debate at this level. $VELVET The short-term structure has actually turned warmer. On the 1-hour chart, price is moving up along the EMA50, with the EMA200 also below it. The moving averages are aligned bullishly, which looks pretty encouraging. Buyers are clearly in control on the 15-minute chart, and the 4-hour RSI is above 58, so momentum hasn’t faded.
We have to acknowledge that the broader daily trend is still bearish, so this long trade goes against the larger trend. Keep your position size small and respect your stop-loss. But if the short-term pullback to the support zone holds with volume, I think it’s worth a try. Keep a close eye on that key level—if it breaks, exit. Don’t get attached to the trade.
🟢 Trade direction: Long
📍 Entry range: 0.0779055 – 0.0781225
🛑 Stop-loss: 0.0751216
🎯 Take-profit 1: 0.0801833
🎯 Take-profit 2: 0.0816295
🎯 Take-profit 3: 0.0837988
You don’t need to chase the spotlight; it will come to you in time.
Stand alongside Sister Li, and let every moment leave its mark.
#VELVET
Tap below to trade 👇
We have to acknowledge that the broader daily trend is still bearish, so this long trade goes against the larger trend. Keep your position size small and respect your stop-loss. But if the short-term pullback to the support zone holds with volume, I think it’s worth a try. Keep a close eye on that key level—if it breaks, exit. Don’t get attached to the trade.
🟢 Trade direction: Long
📍 Entry range: 0.0779055 – 0.0781225
🛑 Stop-loss: 0.0751216
🎯 Take-profit 1: 0.0801833
🎯 Take-profit 2: 0.0816295
🎯 Take-profit 3: 0.0837988
You don’t need to chase the spotlight; it will come to you in time.
Stand alongside Sister Li, and let every moment leave its mark.
#VELVET
Tap below to trade 👇