$VELVET IS TESTING A KEY DEMAND ZONE FOR A SCALP ๐ฅ
Entry: 0.5320 โ 0.5450 ๐ฅ
Target: 0.6250 ๐
Stop Loss: 0.4860 โ ๏ธ
This long scalp setup offers a tight 8.6% stop distance from the zone's lower edge for a potential 17.5% move to the first target at 0.5650. The zone aligns with a prior support level on the 1H chart, and the 3-5x leverage suggests a controlled risk approach. Momentum is building as price approaches the lower boundary.
Are you stepping in at these levels or waiting for a retest?
Not financial advice. Always manage your risk.
#VELVET #LongScalp #Crypto #ScalpSetup
๐ฅ
Entry: 0.5320 โ 0.5450 ๐ฅ
Target: 0.6250 ๐
Stop Loss: 0.4860 โ ๏ธ
This long scalp setup offers a tight 8.6% stop distance from the zone's lower edge for a potential 17.5% move to the first target at 0.5650. The zone aligns with a prior support level on the 1H chart, and the 3-5x leverage suggests a controlled risk approach. Momentum is building as price approaches the lower boundary.
Are you stepping in at these levels or waiting for a retest?
Not financial advice. Always manage your risk.
#VELVET #LongScalp #Crypto #ScalpSetup
๐ฅ