$VELVET REBOUND SETUP FROM $0.48 SUPPORT WITH 1:3 R:R 🔥
Entry: $0.48–0.50 🔥
Target: $0.56 → $0.62 → $0.70 🚀
Stop Loss: $0.44 ⚠️
This is a clean support retest zone where
$VELVET has previously attracted buying pressure. The $0.48–$0.50 area aligns with a prior order block on the lower timeframes, and a bounce from here would complete a classic liquidity grab pattern. Volume is currently contracting near the support, often a precursor to an impulsive move.
The risk-reward is roughly 1:3 to the first target, which makes this a structured entry with a well-defined invalidation below $0.44. Are you taking the trade now or waiting for a deeper sweep?
Not financial advice. Always manage your risk.
#VELVET #LongSetup #Rebound #Crypto 🔥