👀 $VELVET correction structure may be completed
Question: would you enter on the first reaction, or wait for a 15m close confirmation?
After a strong market impulse, price entered a controlled pullback on the 15m chart.
The current structure suggests that the correction may be close to completion.
✅ Entry zone: 1.3075092 - 1.4101
Risk to stop from this zone: 2%–5%
🔒 Stop level: 1.2818718
🎯 TP1: 1.5639738
🎯 TP2: 1.7947846
If the main trend resumes, price could continue expanding quickly.
📊 Key levels are marked directly on the chart.
Question: would you enter on the first reaction, or wait for a 15m close confirmation?
After a strong market impulse, price entered a controlled pullback on the 15m chart.
The current structure suggests that the correction may be close to completion.
✅ Entry zone: 1.3075092 - 1.4101
Risk to stop from this zone: 2%–5%
🔒 Stop level: 1.2818718
🎯 TP1: 1.5639738
🎯 TP2: 1.7947846
If the main trend resumes, price could continue expanding quickly.
📊 Key levels are marked directly on the chart.