Everyone's watching the overnight BTC moves, but $VELVET is quietly coiled to break out above that key $0.50 resistance level.
$VELVET - LONG
Entry: 1.0210 – 1.05
SL: 0.95
TP1: 1.15
TP2: 1.30
TP3: 1.50
Why this setup? I think the 1D RSI is showing a bullish divergence, the 4H ATR is increasing, my bias confidence is 70%, and the 15m timeframe is showing a reclaim of the $1.00 magnet.
Debate: Are you fading this breakout or riding the potential squeeze to $1.30?
$VELVET