$VELVET BULLS HOLDING KEY SUPPORT WITH STRUCTURE INTACT 🔥
Entry: 1.73–1.76 🔥
Target: 1.90 🚀
Stop Loss: 1.68 ⚠️
The 1.73–1.76 zone has been defended twice in the last 48 hours, and the daily candle closed above the previous day's high — a clear sign of accumulation. Volume is declining on the pullback, suggesting sellers are losing conviction. The extended target at 2.00 offers a 1:4 R:R from current levels if momentum continues.
Are you comfortable holding through the 1.68 stop or do you want a tighter leash?
Not financial advice. Always manage your risk.
#VELVET #LongSetup #AltSeason #Breakout
🔥
Entry: 1.73–1.76 🔥
Target: 1.90 🚀
Stop Loss: 1.68 ⚠️
The 1.73–1.76 zone has been defended twice in the last 48 hours, and the daily candle closed above the previous day's high — a clear sign of accumulation. Volume is declining on the pullback, suggesting sellers are losing conviction. The extended target at 2.00 offers a 1:4 R:R from current levels if momentum continues.
Are you comfortable holding through the 1.68 stop or do you want a tighter leash?
Not financial advice. Always manage your risk.
#VELVET #LongSetup #AltSeason #Breakout
🔥