VELVET is holding a tight 3% retrace off its recent high, eyeing the 1.7% upside target.
đą $VELVET LONG đ
Entry $0.070180-$0.070320 | SL $0.068143 (-3.0%) | TP1 $0.071304 (+1.5%) | TP2 $0.073763 (+5.0%) | R/R 1:1.7 | Conf 65%
The market structure broke lower highs (CHoCH) and a fresh order block sits right at the 3% level, backed by a bullish CVD spike. A fair value gap aligns with the order block, creating a POI confluence that pushes the price toward the 1.7% reward zone.
A 3.0% stop is relatively tight, so 5x leverage keeps risk under 1% of equity.
Take half at the first 0.85% gain to lock in profit before the next swing.
Not financial advice â always manage your own risk đ
$VELVET #VELVETUSDT #BTC #TradingSignals #Write2Earn
đą $VELVET LONG đ
Entry $0.070180-$0.070320 | SL $0.068143 (-3.0%) | TP1 $0.071304 (+1.5%) | TP2 $0.073763 (+5.0%) | R/R 1:1.7 | Conf 65%
The market structure broke lower highs (CHoCH) and a fresh order block sits right at the 3% level, backed by a bullish CVD spike. A fair value gap aligns with the order block, creating a POI confluence that pushes the price toward the 1.7% reward zone.
A 3.0% stop is relatively tight, so 5x leverage keeps risk under 1% of equity.
Take half at the first 0.85% gain to lock in profit before the next swing.
Not financial advice â always manage your own risk đ
$VELVET #VELVETUSDT #BTC #TradingSignals #Write2Earn