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$VELVET (1H) - Range Bounce Long
Bias: Long
Entry (Zone): 0.1040 - 0.1048
Targets:
TP1: 0.1062
TP2: 0.1076
TP3: 0.1092
Stop Loss: 0.1018
Why this Setup:
I’m looking for a bounce from the current base after the pullback into support. Price is compressing near the lower end of the recent range, and I want to catch continuation back toward the prior intraday resistance levels if buyers defend this area.