🚀 $VELVET : 1H Setup Still Favors Buyers Above Key Support! 📈
The 1H market structure for $VELVET is looking solidly bullish! Momentum is heavily favoring the upside, and the overall trend remains intact. We are looking at a high-probability pullback setup.
📊 Market Outlook (1H):
The plan is to wait patiently for a healthy retracement into the key support zone. If buyers step in and defend this area, we expect a strong bounce to clear the upper targets.
🎯 THE TRADING PLAN ($VELVET ):
🔹 Order Type: Limit Order (Long / Buy)
🔹 Entry Zone: $0.77 – $0.71 (Wait for a retracement)
🛑 Stoploss (SL): $0.61
🎯 Target 1 (TP1): $0.95869
🎯 Target 2 (TP2): $1.10+
💡 Execution Strategy:
Before jumping in, look for confirmation clues inside the entry zone:
A strong Bullish Engulfing candle 🕯️
A clean Pin Bar rejecting lower prices 📈
Clear lower-timeframe structural reversals.
What’s your take on $VELVET ? Are you setting your limits or waiting on the sidelines? Let's discuss below! 👇
#VELVET #CryptoTrading #TechnicalAnalysis #TradingPlan #BinanceSquare
The 1H market structure for $VELVET is looking solidly bullish! Momentum is heavily favoring the upside, and the overall trend remains intact. We are looking at a high-probability pullback setup.
📊 Market Outlook (1H):
The plan is to wait patiently for a healthy retracement into the key support zone. If buyers step in and defend this area, we expect a strong bounce to clear the upper targets.
🎯 THE TRADING PLAN ($VELVET ):
🔹 Order Type: Limit Order (Long / Buy)
🔹 Entry Zone: $0.77 – $0.71 (Wait for a retracement)
🛑 Stoploss (SL): $0.61
🎯 Target 1 (TP1): $0.95869
🎯 Target 2 (TP2): $1.10+
💡 Execution Strategy:
Before jumping in, look for confirmation clues inside the entry zone:
A strong Bullish Engulfing candle 🕯️
A clean Pin Bar rejecting lower prices 📈
Clear lower-timeframe structural reversals.
What’s your take on $VELVET ? Are you setting your limits or waiting on the sidelines? Let's discuss below! 👇
#VELVET #CryptoTrading #TechnicalAnalysis #TradingPlan #BinanceSquare