Guy's $VELVET Long Trade Setup
Entry: 0.6600 – 0.6750
SL: 0.6280
TP1: 0.7150
TP2: 0.7340
TP3: 0.7480
VELVET remains in a strong short-term uptrend with higher highs and higher lows following a momentum breakout. However, the recent vertical rally increases pullback risk. Wait for price to retrace into the entry zone rather than chasing. Keep position size controlled and respect the stop loss if momentum weakens.
Trade idea: Wait patiently for retracement, protect capital with disciplined stops, and target continuation only if buyers defend support with strong conviction.
Entry: 0.6600 – 0.6750
SL: 0.6280
TP1: 0.7150
TP2: 0.7340
TP3: 0.7480
VELVET remains in a strong short-term uptrend with higher highs and higher lows following a momentum breakout. However, the recent vertical rally increases pullback risk. Wait for price to retrace into the entry zone rather than chasing. Keep position size controlled and respect the stop loss if momentum weakens.
Trade idea: Wait patiently for retracement, protect capital with disciplined stops, and target continuation only if buyers defend support with strong conviction.