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$VELVET (1h) - Bullish Continuation Long
Bias: Long
Entry (Zone): 0.3970 - 0.4065
Targets:
TP1: 0.4300
TP2: 0.4550
TP3: 0.4900
Stop Loss: 0.3770
Why this Setup:
I see a strong impulsive uptrend with a clean pullback holding above the prior breakout area, so I want to buy continuation strength rather than chase the top. If price reclaims and holds above the 0.40 area, I expect momentum to extend toward the recent highs and then into a new leg up.