🚀 Trading Setup: $VELVET /USDT (Long)
Entry Strategy: Look for an entry on a slight dip or a confirmed break above the recent high.
Optimal Entry: 0.07950 – 0.08030
🎯 Take Profit (TP) Targets
Scaling out is key. Set your targets at these psychological and structural resistance levels:
TP1: 0.08350 (Quick scalp)
TP2: 0.08600 (Mid-term resistance)
TP3: 0.09000 (Major psychological level)
🛡️ Stop Loss (SL)
To protect your capital, place your stop below the recent swing low and the 15m candle support.
Stop Loss: 0.07680
💡 Key Observations
Momentum: The green candles are dominant, suggesting strong buying pressure.
Risk Warning: The "Order Book" ratio at the bottom shows 61.77% Short vs 38.23% Long. This often indicates a "Short Squeeze" could happen (pushing price higher), but it also means the market is becoming heavy.
Leverage: If you are using leverage, keep it low (e.g., 3x–5x) as low-cap coins like $VELVET can be highly volatile.
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