$VELVET squeezed higher near 1.21148 after short liquidations forced sellers out of their positions. Buyers defended the breakout area, and price is now holding above it instead of giving back the move. On the 15m chart, the trend remains constructive with higher lows, while the 5m candles show healthy consolidation and continued breakout pressure.
Entry Point
1.2100 - 1.2180
Target Point
TP1: 1.2320
TP2: 1.2550
TP3: 1.2800
Stop Loss
1.1950
This setup can work if the breakout level continues acting as support and buying volume stays consistent. The candle structure remains strong, sellers are struggling to regain control, and sustained momentum could drive another leg higher.
$VELVET
Entry Point
1.2100 - 1.2180
Target Point
TP1: 1.2320
TP2: 1.2550
TP3: 1.2800
Stop Loss
1.1950
This setup can work if the breakout level continues acting as support and buying volume stays consistent. The candle structure remains strong, sellers are struggling to regain control, and sustained momentum could drive another leg higher.
$VELVET