$VELVET Support Bounce — Scalp Long Opportunity.

Long $VELVET
Entry: $1.58 – $1.62
SL: $1.45

TP1: $1.68
TP2: $1.76
TP3: $1.86
TP4: $1.98
TP5: $2.12

Price is holding near a key support area with buyers actively defending the current range. Momentum remains constructive on lower timeframes, with price consolidating above support after a recent advance. A sustained hold within the entry zone could attract additional buying pressure and trigger a continuation move toward the outlined resistance levels. As long as $1.48 holds, bullish continuation remains the higher-probability path.

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