🚀 $VELVET EXPLODES UP WITH FORCE 🟢✨️✨️✨️
$VELVET has broken out of a strong
double bottom chart pattern on the 4H,
confirming a reversal with explosive momentum.
📊 Technical Setup
🟢 LONG ENTRY: 0.0672
🎯 TP1: 0.0700
🎯 TP2: 0.0740
🎯 TP3: 0.0780
🎯 TP4: 0.0820
🔻 SL: 0.0645
• RSI(6) is at 81, showing strong
overbought momentum, but confirming bullish strength.
• MACD has flipped green with histogram
expansion, signaling a confirmed breakout continuation.
• Volume surged massively on breakout, validating
the pattern with heavy buyer participation.
• Price reclaimed above MA(5) and MA(10),
showing trend acceleration with strong bullish control.
📈 Trader Guidance
• Entry near breakout retest offers strong setup.
• Secure profits gradually at TP1 and TP2.
• Let the rest ride to TP3 and TP4.
• Maintain stop-loss discipline to manage volatility.
🔥 This is a powerful bullish reversal play,
with upside momentum fueled by pattern breakout.
DYOR
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