Trading Plan Long $VELVET
$VELVET just broke above the 1h upper Bollinger band, signaling strength for continuation.
Entry: $0.4750-$0.4880
Stoploss: $0.4560
Targets: $0.5050 / $0.5350 / $0.5700
VELVET is pushing hard, clearing 0.4856 resistance. It's riding the upper BB with a squeeze building after a 24.7% width contraction, which usually pops higher. All TFs are aligned bull, so we're looking for trend continuation here. Funding is neutral, and OI dipped slightly, but top traders are still heavily long, and takers are aggressive. Losing $0.4560 invalidates the setup.
Trade $VELVET here 👇
$VELVET just broke above the 1h upper Bollinger band, signaling strength for continuation.
Entry: $0.4750-$0.4880
Stoploss: $0.4560
Targets: $0.5050 / $0.5350 / $0.5700
VELVET is pushing hard, clearing 0.4856 resistance. It's riding the upper BB with a squeeze building after a 24.7% width contraction, which usually pops higher. All TFs are aligned bull, so we're looking for trend continuation here. Funding is neutral, and OI dipped slightly, but top traders are still heavily long, and takers are aggressive. Losing $0.4560 invalidates the setup.
Trade $VELVET here 👇