$VELVET — Breakout Momentum Is Still Strong
$VELVET has delivered another explosive 4H breakout from the 0.42–0.48 base, reaching 0.8887 before pulling back. The trend remains bullish, but the huge wick shows heavy volatility, so a retest is safer than chasing.
Trade Setup — Long
Entry: 0.68–0.72
TP1: 0.80
TP2: 0.89
TP3: 1.00
Stop Loss: 0.62
A hold above 0.68 keeps the breakout structure intact.
$VELVET has delivered another explosive 4H breakout from the 0.42–0.48 base, reaching 0.8887 before pulling back. The trend remains bullish, but the huge wick shows heavy volatility, so a retest is safer than chasing.
Trade Setup — Long
Entry: 0.68–0.72
TP1: 0.80
TP2: 0.89
TP3: 1.00
Stop Loss: 0.62
A hold above 0.68 keeps the breakout structure intact.