$VELVET Long Setup — Parabolic Breakout Continuation
Entry: 1.45 – 1.62
SL: 1.15
TP1: 1.85
TP2: 2.10
TP3: 2.50
VELVET is currently trading around 1.59 after a massive +100% move, showing extreme momentum expansion. This type of structure usually enters a high-volatility consolidation phase before either continuation or sharp pullback.
As long as price holds above 1.45 support, bullish continuation toward 1.85–2.10 remains possible.
A breakdown below 1.15 would signal exhaustion and likely trigger a deep correction after the parabolic move.