$VELVET
Bias: Long | Entry Zone: 0.07608 | Stop Loss: 0.07051 | Profit Target 1: 0.08722 | Profit Target 2: 0.09279
VELVET looking strong here!
The trend is clearly bullish, with multiple confirmed breakouts of prior resistance levels, the most recent being 0.06589 just 23 candles ago. Price is currently trading in the discount portion of the dealing range, which favors long positions. The recent sweep of sell-side liquidity at 0.07051, followed by a strong bullish move, suggests accumulation. The trendline formed by higher lows remains intact, with the last low at 0.06707. We are targeting the previous swing high at 0.09569, with a stop placed below the recent swing low at 0.07051, offering a favorable risk-reward scenario.
Trade safe and manage your risk!
#Futures #TradingSignals #VELVET
Bias: Long | Entry Zone: 0.07608 | Stop Loss: 0.07051 | Profit Target 1: 0.08722 | Profit Target 2: 0.09279
VELVET looking strong here!
The trend is clearly bullish, with multiple confirmed breakouts of prior resistance levels, the most recent being 0.06589 just 23 candles ago. Price is currently trading in the discount portion of the dealing range, which favors long positions. The recent sweep of sell-side liquidity at 0.07051, followed by a strong bullish move, suggests accumulation. The trendline formed by higher lows remains intact, with the last low at 0.06707. We are targeting the previous swing high at 0.09569, with a stop placed below the recent swing low at 0.07051, offering a favorable risk-reward scenario.
Trade safe and manage your risk!
#Futures #TradingSignals #VELVET
