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$VELVET (1h) - Breakout Pullback Long
Bias: Long
Entry (Zone): 0.1165 - 0.1190
Targets:
TP1: 0.1235
TP2: 0.1285
TP3: 0.1360
Stop Loss: 0.1118
Why this Setup:
I’m looking for a continuation move while price holds above the recent 0.1150 area and reclaims the local highs near 0.1190. The chart is still making higher lows after the sharp expansion, so I want to buy a pullback or clean breakout with room toward the prior swing highs and extension levels.
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