$VELVET — 4H Demand Retest at 0.05568, Upside Reclaim Loading 📈
Trade Plan: Long $VELVET
Entry: 0.055 - 0.057
SL: 0.05180
TP: 0.06136 | 0.06779 | 0.07485
Why this Setup?
The 4H chart is compressing directly above the 0.05568 demand zone after multiple reactions from this area. The setup is built around a possible final sweep into 0.055 - 0.057 followed by a reclaim; holding this demand could send price first toward 0.06136, then 0.06779 and 0.07485. A clean loss of 0.05568 would weaken the structure, while 0.05180 is the invalidation level.
Trade $VELVET here 👇
Trade Plan: Long $VELVET
Entry: 0.055 - 0.057
SL: 0.05180
TP: 0.06136 | 0.06779 | 0.07485
Why this Setup?
The 4H chart is compressing directly above the 0.05568 demand zone after multiple reactions from this area. The setup is built around a possible final sweep into 0.055 - 0.057 followed by a reclaim; holding this demand could send price first toward 0.06136, then 0.06779 and 0.07485. A clean loss of 0.05568 would weaken the structure, while 0.05180 is the invalidation level.
Trade $VELVET here 👇
