$VELVET Upward Bounce Facing Resistance
Long VELVET Trading Plan (20x)
Entry: 1.58 – 1.60
SL: 1.54
TP1: 1.66
TP2: 1.72
VELVET is showing an upward rebound and is facing a resistance zone. The 1.58 – 1.60 zone is acting as short-term support, and if it holds, a recovery towards the resistance levels above is entirely possible.
The SL is placed below 1.54, a relatively clean area. If this level is breached, the long scenario will be invalidated.
Step-by-step targets: 1.66 → 1.72. Each TP is quite far apart (~3-5% from entry), be patient and take profits gradually.
The distance from entry to stop loss is quite close (~2.5-3.8%). Suitable for a short-term long order. Enter a small order and set the stop loss correctly.
The upward move is facing resistance; will there be a rebound? Have you entered yet? Comment to discuss! 🚀
Long VELVET Trading Plan (20x)
Entry: 1.58 – 1.60
SL: 1.54
TP1: 1.66
TP2: 1.72
VELVET is showing an upward rebound and is facing a resistance zone. The 1.58 – 1.60 zone is acting as short-term support, and if it holds, a recovery towards the resistance levels above is entirely possible.
The SL is placed below 1.54, a relatively clean area. If this level is breached, the long scenario will be invalidated.
Step-by-step targets: 1.66 → 1.72. Each TP is quite far apart (~3-5% from entry), be patient and take profits gradually.
The distance from entry to stop loss is quite close (~2.5-3.8%). Suitable for a short-term long order. Enter a small order and set the stop loss correctly.
The upward move is facing resistance; will there be a rebound? Have you entered yet? Comment to discuss! 🚀