$VELVET IS HOLDING A KEY DEMAND ZONE THAT OFTEN PRECEDES A BREAKOUT ⚡
Entry: $1.689 - $1.709 🔥
Target 1: $1.79 🚀
Target 2: $1.98 🚀
Target 3: $2.21 🚀
Stop Loss: $1.59 ⚠️
Price is consolidating inside a tight supply zone that has seen three clean rejections on the 4H chart. Each test has drawn increasing buy-side volume, and the RSI is holding above 48 — a level that has historically preceded vertical expansion for this asset.
This is a defined area of interest with a 1:2.5 minimum R:R to first target. Are you watching for a sweep of the $1.68 low before committing?
Not financial advice. Always manage your risk.
#VELVET #LongSetup #Breakout #Crypto
⚡
Entry: $1.689 - $1.709 🔥
Target 1: $1.79 🚀
Target 2: $1.98 🚀
Target 3: $2.21 🚀
Stop Loss: $1.59 ⚠️
Price is consolidating inside a tight supply zone that has seen three clean rejections on the 4H chart. Each test has drawn increasing buy-side volume, and the RSI is holding above 48 — a level that has historically preceded vertical expansion for this asset.
This is a defined area of interest with a 1:2.5 minimum R:R to first target. Are you watching for a sweep of the $1.68 low before committing?
Not financial advice. Always manage your risk.
#VELVET #LongSetup #Breakout #Crypto
⚡