VELVET long setup: the levels I'm watching

🟢 LONG $VELVET /USDT: expecting price to go UP
Bias: LONG · Leaning

Entry: 0.0729287 – 0.0734513
TP1: 0.0781178 (+6.7%)
TP2: 0.0814029 (+11.2%)
TP3: 0.0863307 (+18.0%)
SL: 0.0666197 (-9.0%)
Plan: enter only inside the zone, take half at TP1, then move the stop to entry.
Caution: counter-trend setup against the bigger trend, only 5 signals confirm it. Size down, respect the stop.

Why LONG? Leaning call, 5/12 signals agree, 1 against, 6 undecided.
• 1h trend: price > EMA50 > EMA200, bullish stack → the short-term trend is up
• Trend strength (ADX/DI, 15m): ADX 37.1 with buyers in control (DI+ 33.3 vs DI− 14.0) → buyers are driving the move
• 4h RSI: 56.3, bullish momentum (above 55) → buyers have the momentum
Risk: Daily trend: price < EMA50 < EMA200, bearish stack → the big-picture trend is down

Why now?
The daily trend reads bearish, and 5/12 signals aligned favour the long side. The plan is to work the 0.0729287 – 0.0734513 zone, scale out at 0.0781178 and 0.0814029, and stay patient for 0.0863307. A move through 0.0666197 means the idea is wrong and the stop does its job. This is a counter-trend bet against the higher-timeframe trend, so size down.

Does VELVET tag 0.0781178 first, or the stop?

Chart with every level below.

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⚠️ Personal market analysis only. NFA — manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.