$VELVET Long 10x | Pullback Zone Hit — Now Buyers Need to Defend
$VELVET has finally reached the pullback zone I was waiting for. This is not about chasing momentum—it’s about executing the plan at the level where demand is expected to step in.
I’m already positioned, but the setup remains valid only while buyers defend the zone.
📊 Trade Plan
Entry: 0.16960 – 0.19780
TP1: 0.38200 — R:R 1:1.1
TP2: 0.51420 — R:R 1:1.8
TP3: 0.71250 — R:R 1:2.9
SL: 0.00000
Leverage: 10x
🔎 Why This Setup?
4H + 1D structure:
The 4H structure and 1D range are converging around the planned entry area, giving the setup a clear technical foundation.
RSI15:
RSI at 31 shows momentum has become heavily exhausted. That can create room for a relief bounce if buyers regain control.
Volume:
Activity is running at 1.15x, with around 3.61M traded vs 3.15M expected. The increased activity adds confirmation that the move is being actively traded rather than drifting on thin volume.
🎯 The Key Question
The zone has been hit. Now the market has to prove the idea.
Do you scale in directly inside the pullback zone, or wait for a reclaim confirmation before committing?
My call. Your execution.
⚠️ Risk note: 10x leverage is highly risky. The listed SL of 0.00000 is not a practical protective stop for a long position, so verify the intended invalidation level before trading
#SP500FuturesFall #BrentDrops1.87% #BrentDrops1.87% .