$VELVET Bulls Guard the Trend: Long Setup
Buyers are aggressively stepping back into the market following the recent recovery phase. As long as the price maintains its footing above the critical 0.50 floor, the overall structure remains heavily skewed in favor of the bulls, paving the way for a test of higher overhead resistance.
Entry Range: 0.5100 – 0.5200
Stop Loss (SL): 0.4900
Take Profit 1 (TP1): 0.5500
Take Profit 2 (TP2): 0.6000
Take Profit 3 (TP3): 0.6700
Market Setup: The trend structure is leaning firmly bullish. Keep an eye on the defensive boundary at 0.50 to confirm that demand stays strong enough to fuel the next leg up.
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