đ„ $VELVET /USDT â 1H Setup
Bullish bias đ | Buy the dip
VELVET is consolidating near the highs after a strong breakout. Price remains above the MA25 (1.065) and MA99 (0.793), while Stoch RSI is deeply oversold â suggesting the pullback may be cooling rather than a full reversal.
đą Entry: 1.10â1.14
đŻ TP1: 1.247
đŻ TP2: 1.30
đŻ TP3: 1.40
đ SL: 1.02
Why LONG? Strong higher-high structure, price above major moving averages, and consolidation close to resistance. A clean breakout above 1.247 could open the way toward the next targets.
â ïž If 1.02 breaks, invalidate the setup.
#VELVET #VELVETUSDT #Binance #crypto #trading
Bullish bias đ | Buy the dip
VELVET is consolidating near the highs after a strong breakout. Price remains above the MA25 (1.065) and MA99 (0.793), while Stoch RSI is deeply oversold â suggesting the pullback may be cooling rather than a full reversal.
đą Entry: 1.10â1.14
đŻ TP1: 1.247
đŻ TP2: 1.30
đŻ TP3: 1.40
đ SL: 1.02
Why LONG? Strong higher-high structure, price above major moving averages, and consolidation close to resistance. A clean breakout above 1.247 could open the way toward the next targets.
â ïž If 1.02 breaks, invalidate the setup.
#VELVET #VELVETUSDT #Binance #crypto #trading