$VELVET is showing strong bullish momentum after a powerful breakout. The price has surged sharply and is trading well above the major moving averages, which is a positive sign. However, after such a big rally, some short-term volatility or a pullback is normal before the next move higher.
Trade Setup
Entry: Around $1.55–$1.60
Stop Loss: $1.38 (below the recent breakout area)
Take Profit 1: $1.70
Take Profit 2: $1.85
Take Profit 3: $1.92–$2.00
Quick Note:
The trend remains bullish as long as the price stays above $1.38. If buying after a big pump, consider using a smaller position or waiting for a healthy pullback to reduce risk. Always manage your risk and avoid chasing green candles. Click here for TRade #VELVET #FBIUrgesOneCoinVictimsToSeekDOJCompensation
Trade Setup
Entry: Around $1.55–$1.60
Stop Loss: $1.38 (below the recent breakout area)
Take Profit 1: $1.70
Take Profit 2: $1.85
Take Profit 3: $1.92–$2.00
Quick Note:
The trend remains bullish as long as the price stays above $1.38. If buying after a big pump, consider using a smaller position or waiting for a healthy pullback to reduce risk. Always manage your risk and avoid chasing green candles. Click here for TRade #VELVET #FBIUrgesOneCoinVictimsToSeekDOJCompensation