VELVET is setting up for a long, looking juicy right now. Price is coiling up for a potential breakout.
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🟢 VELVET LONG 📈
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📍 Entry Range: $1.7641 – $1.7677
🛑 Stop Loss: $1.7129 (-3.0%)
🎯 TP1: $1.7924 (+1.5%)
🏆 TP2: $1.8542 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 78%
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We've got a solid market structure break on the chart, along with an order block and a point of interest confluence with the fair value gap - all the ingredients for a nice push upwards. The CHoCH signal just fired and OB is looking strong, so I'm liking our chances here. Structure is looking clean and ready for a move.
With a 3.0% stop loss, this one feels about right, not too tight, not too wide, and I'd say 2x to 3x leverage should do the trick.
If we hit our first target, might take some profit off the table to lock in some gains and ride the rest out to see where it takes us.
Not financial advice — always manage your own risk 🙏
#VELVETUSDT $VELVET #SMC #Write2Earn #Binance
━━━━━━━━━━━━━━━━━━━━━
🟢 VELVET LONG 📈
━━━━━━━━━━━━━━━━━━━━━
📍 Entry Range: $1.7641 – $1.7677
🛑 Stop Loss: $1.7129 (-3.0%)
🎯 TP1: $1.7924 (+1.5%)
🏆 TP2: $1.8542 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 78%
━━━━━━━━━━━━━━━━━━━━━
We've got a solid market structure break on the chart, along with an order block and a point of interest confluence with the fair value gap - all the ingredients for a nice push upwards. The CHoCH signal just fired and OB is looking strong, so I'm liking our chances here. Structure is looking clean and ready for a move.
With a 3.0% stop loss, this one feels about right, not too tight, not too wide, and I'd say 2x to 3x leverage should do the trick.
If we hit our first target, might take some profit off the table to lock in some gains and ride the rest out to see where it takes us.
Not financial advice — always manage your own risk 🙏
#VELVETUSDT $VELVET #SMC #Write2Earn #Binance