While most traders are focused on price action alone, I’m paying close attention to the momentum indicators — and the current setup on $VELVET is worth watching.
📈 Trade Setup (LONG)
Entry Zone: 0.408885 – 0.472901
Stop Loss: Risk-managed according to your strategy
Take Profit Targets:
🎯 TP1: 0.786579
🎯 TP2: 1.017036
🎯 TP3: 1.362723
Why I’m Watching This Trade
The 15-minute RSI is sitting near extreme oversold levels, suggesting short-term selling pressure may be exhausted. At the same time, the daily trend remains bullish, with additional support coming from the 4-hour timeframe structure.
This type of divergence between low-timeframe weakness and higher-timeframe strength often creates opportunities for strong rebounds if buyers step back in.
Key Observations
✅ Oversold momentum on lower timeframes
✅ Bullish higher-timeframe trend remains intact
✅ Strong upside potential toward target zones
✅ ATR indicates sufficient volatility for expansion
The Big Question
Is this simply a final shakeout before the next major bullish move, or will sellers force one more liquidity sweep before a reversal?
As always, manage risk carefully and never enter a trade without a plan.
What do you think — is $VELVET preparing for its next breakout, or is another dip still on the table? 👇📊
This is my personal market view, not financial advice. Always do your own research before trading.
#Trading #USDT #velvet #binance
